Mergers and Acquisitions, Printers News

Ball Closes Sale of 41% Interest in Saudi Arabia JV

Ball retains 10% ownership stake in Ball United Arab Can Manufacturing Company.

Ball Corporation announces it has completed the sale of 41% of its 51% ownership interest in Ball United Arab Can Manufacturing Company (UAC) UAC is its consolidated joint venture in the Kingdom of Saudi Arabia. The sale was made to a subsidiary of ORG Technology Co., Ltd. for approximately USD $70 million, which is subject to customary closing adjustments. Upon closing, Ball deconsolidated UAC and retains a 10% ownership interest. “Today’s announcement reflects our continued f...

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