Rexam sells glass business to Ardagh Glass for 660 mln eur |
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Published
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Mon, 12 Mar 2007 08:45
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LONDON (AFX) - The world's biggest can maker Rexam PLC said it has agreed to sell its glass business for 660 mln eur in cash to Ardagh Glass Group PLC to focus on its core beverage can and plastic packaging businesses.The company said it will use the proceeds to reduce borrowings in the short term.Rexam said the consideration included borrowings and other liabilities disposed and is subject to certain net asset adjustments.newsdesk@afxnews.comrda/rarCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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