09 JUNE 2016AlCircle.com
Brazil CADE approves Ball Corp's proposed Rexam plc acquisition
Edited by : AL CIRCLE
1 min read
Ball Corporation confirms that Conselho Administrativo de Defesa Econômica (CADE) has formally approved the buyer of the divested assets of its proposed acquisition of Rexam PLC, indicating that Ball may now proceed to close on the acquisition.
Ball is working to obtain the remaining regulatory clearances in Europe and the United States soon, enabling the proposed acquisition of Rexam PLC to close. Following closing of the transaction, Ball will remain a New York Stock Exchange listed company domiciled in the U.S.
Ball Corporation supplies innovative, sustainable packaging solutions such as aluminium beverage cans, flexible packaging for food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. market.
Rexam Inc. is a British-based American-owned multinational consumer packaging company which specializes in manufacturing of aluminium beverage cans.
Ball is working to obtain the remaining regulatory clearances in Europe and the United States soon, enabling the proposed acquisition of Rexam PLC to close. Following closing of the transaction, Ball will remain a New York Stock Exchange listed company domiciled in the U.S.
Ball Corporation supplies innovative, sustainable packaging solutions such as aluminium beverage cans, flexible packaging for food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. market.
Rexam Inc. is a British-based American-owned multinational consumer packaging company which specializes in manufacturing of aluminium beverage cans.
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