|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Amcor completes previously announced sale of BCNA joint venture interest for $122 million; Proceeds used to reduce debt
|
|
Saturday, 11 January, 2025, 14 : 00 PM [IST]
|
|
Zurich, Switzerland
|
Amcor, a global leader in developing and producing responsible packaging solutions, announced it completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million, with the proceeds used to reduce debt.
Fiscal 2024, total sales for the joint venture were approximately $190 million and adjusted EBIT was approximately $19 million, both of which were previously fully consolidated under Amcor’s Rigid Packaging business.
Adjusted net income attributable for fiscal 2024, was approximately $8 million. Net of the resulting reduction in interest expense, the transaction is not expected to have an impact on its financial outlook for fiscal 2025.
|
|
|
|
|
|
|
|
|
|