Rio Tinto accepts Amcor’s packaging offer

Dec 23, 2009 | 10:48 AM | Anne Riley

Mining heavyweight Rio Tinto has accepted a $2.025-billion offer from Australian company Amcor Ltd. to acquire certain portions of its Alcan Packaging businesses, having received the green light from the European Commission in mid-December.

The assets, including Alcan Packaging Global Pharmaceuticals Inc., Alcan Packaging Food Europe, Alcan Packaging Food Asia and Alcan Packaging Global Tobacco, include 80 plants in 28 countries, generating approximately $4.1 billion in sales. ....

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