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Gross proceeds of AUD $947 million. Net proceeds will be used to reduce debt.
July 17, 2020
By: Anthony Locicero
Copy editor, New York Post
O-I Glass, Inc. announced it has entered into a definitive agreement to sell its Australia and New Zealand (ANZ) business unit to Visy Industries, one of the world’s largest privately owned packaging and resource recovery companies. Gross proceeds on the sale and related sale-leaseback agreement with Charter Hall, a leading property management company, will approximate AUD 947 million. “The sale of our ANZ operations is consistent with our strategy to properly align our business wit...
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