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Sale of investment in AMVIG Holdings Limited

Sale of investment in AMVIG Holdings Limited

09/24/20, 2:17 PM
Amcor plc (NYSE: AMCR; ASX: AMC) today announced it has entered into a binding agreement with New Prospect Capital for the sale of its 47.6% equity accounted investment in AMVIG Holdings Limited (AMVIG) for cash consideration of US$124 million. AMVIG is listed on the Hong Kong Stock Exchange and the transaction, by way of share sale is expected to close in the coming days.

Company Info

Company
Amcor
Additional Info
Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures and services. The Company is focused on making packaging that is increasingly light-weighted, recyclable and reusable, and made using an increasing amount of recycled content. Around 46,000 Amcor people generate $13 billion in annual sales from operations that span about 225 locations in 40-plus countries. SOURCE Amcor

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