Tetra Laval, the Swedish packaging group, will acquire Sidel of France for €1.7bn ($1.52bn) in what one of the advisers described as a hard-fought deal, and it will be one of the rare breed of larger cash offers for a public company in France recently, according to advisers.

Rothschild and Crédit Agricole Indosuez are joint advisers to Tetra Laval, which is owned by the wealthy Rausing family of Sweden. Lazard acted as financial adviser to Sidel, the French plastic bottle manufacturer.