Amcor Ltd. (AMC.AU), an Australian-based multinational packaging company, said Tuesday it has received European Commission approval to proceed with the acquisition of the European businesses of Alcan Packaging that Amcor is purchasing from Rio Tinto PLC (RIO.LN).

MAIN FACTS:

-A condition of this approval is Amcor agreeing to divest its Tobepal operation comprising two plants that have combined sales of approximately EUR110 million and produce a range of pharmaceutical, personal care and food packaging products.

-The plants are located in Spain and are part of the Amcor Flexibles operations.

-The divestment undertaking was required to meet the European Commissions' concern relating to pharmaceutical sachet and aluminium cold-form foil products.

-The transaction remains subject to regulatory approval in the United States and consultation with the European Works Council.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
Amcor (ASX:AMC)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more Amcor Charts.
Amcor (ASX:AMC)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more Amcor Charts.