9th Jan 2008 07:01
Rexam PLC09 January 2008 Rexam receives clearance to acquire Rostar Rexam, the global consumer packaging company and the world's leading beveragecan maker, confirms that, following further discussions with the FederalAntimonopoly Service of the Russian Federation (FAS), it has received clearanceto complete the acquisition of Rostar, the Russian beverage can maker, which itfirst announced in July 2007. In addition to a number of standard conditions, Rexam has agreed with the FASthat for a period of 10 years it will not increase beverage can prices in Russiaby more than 15% per annum (other than in exceptional circumstances) and that itwill continue to invest in its Russian beverage can business to meet marketgrowth. Completion is expected in the first quarter of 2008. 9 January 2008 Enquiries Rexam Sandra Moura, Head of Investor Relations +44 20 7227 4100 Jonathan Thornton, Group Communications Director Financial Dynamics Richard Mountain +44 20 7269 7291 Notes to Editors Rexam is a leading global consumer packaging company and the largest beveragecan maker in the world. Our vision is to be the leading global consumerpackaging company. We are business partners to some of the world's most famousand successful consumer brands as well as young, entrepreneurial start-ups. Weoffer a broad range of packaging services and solutions for differentindustries, using different materials and technologies. Three thingscharacterise us - leadership in our industry, our commitment to innovation andour passion to deliver exceptional value. Following the acquisition of O-IPlastics, Rexam's sales from ongoing operations are approximately £3.7 billion.We employ some 23,000 people in more than 20 countries and are a member of theFTSE 100. Rexam's ordinary shares are listed with the UK Listing Authority andtrade on the London Stock Exchange under the symbol REX. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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