Industry News, Mergers and Acquisitions, Printers News

Amcor Sells Factories in Russia

This follows Amcor’s previously announced decision to pursue the orderly sale of its Russian business.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Amcor announced it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances. The cash and debt free consideration value is €370 million. This follows Amcor’s previously announced decision to pursue the orderly sale of its Russian business while continuing to support its people and customers as well as preserving value for shareholders. The...

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