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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Amcor PLC | ASX:AMC | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.12 | -0.80% | 14.92 | 14.92 | 14.97 | 15.06 | 14.91 | 14.99 | 1,381,561 | 07:16:07 |
From Jun 2019 to Jun 2024
Rio Tinto Ltd. (RIO.AU) said Monday it has completed the divestment of the last of its Alcan packaging businesses, bringing the miner's total divestments since 2008 to more than US$10 billion.
The Alcan medical flexibles business has been sold to Amcor Ltd. (AMC.AU) for US$66 million while the beauty packaging business has been sold to Sun European Partners for an undisclosed sum.
Rio sold the bulk of the Alcan packaging assets to Amcor for US$1.95 billion in a transaction completed earlier this year as part of a program of divestments aimed at repairing its balance sheet in the wake of its top-of-the-cycle takeover of Alcan for US$38.1 billion in 2007.
- By Alex Wilson, Dow Jones Newswires: 613-9292-2094; alex.wilson@dowjones.com
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