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Regulatory Approval

15th Dec 2009 07:00

RNS Number : 1082E
Amcor Limited
14 December 2009
 



15 December 2009

EUROPEAN COMMISSION APPROVAL

Amcor announces today that it has received European Commission approval to proceed with the acquisition of the European businesses of Alcan Packaging that Amcor is purchasing from Rio Tinto Plc.

A condition of this approval is Amcor agreeing to divest its Tobepal operation comprising two plants that have combined sales of approximately EUR110 million and produce a range of pharmaceutical, personal care and food packaging products. The plants are located in Spain and are part of the Amcor Flexibles operations.

The divestment undertaking was required to meet the European Commissions' concern relating to pharmaceutical sachet and aluminium cold-form foil products.

The transaction remains subject to regulatory approval in the United States and consultation with the European Works Council.

ENDS

For full details visit out website www.amcor.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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