Amcor completes previously announced sale of BCNA joint venture interest for $122 million; Proceeds used to reduce debt

PR Newswire

2024-12-30

ZURICH, Dec. 30, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it completed the sale of its 50% ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmcor completes previously announced sale of BCNA joint venture interest for $122 million; Proceeds used to reduce debt\n</h2>\n<h4 class=\"meta\">\n\n\n2024-12-30 22:58 GMT+8   <a href=\"https://finance.yahoo.com/news/amcor-completes-previously-announced-sale-145800890.html\"><strong>PR Newswire</strong></a>\n</h4>\n</header>\n<article>\n<div>\n<p>ZURICH, Dec. 30, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it completed the sale of its 50% ...</p>\n<a href=\"https://finance.yahoo.com/news/amcor-completes-previously-announced-sale-145800890.html\">网页链接</a>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4136","symbol_name":"纸材料包装","start_time":0,"source_url":"https://finance.yahoo.com/news/amcor-completes-previously-announced-sale-145800890.html","article_id":"2495526425","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance_au","url":"https://finance.yahoo.com/news/amcor-completes-previously-announced-sale-145800890.html","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2495526425","pubTimestamp":1735570680,"columns":[],"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"ZURICH, Dec. 30, 2024 /PRNewswire/ -- Amcor , a global leader in developing and producing responsible packaging solutions, announced today it completed the sale of its 50% interest in Bericap North America  for $122 million on December 27, with the proceeds used to reduce debt.Fiscal 2024 total sales for the joint venture were approximately $190 million and adjusted EBIT was approximately $19 million, both of which were previously fully consolidated under Amcor's Rigid Packaging business. Adjusted net income attributable to Amcor for fiscal 2024 was approximately $8 million. Net of the resulting reduction in interest expense, the transaction is not expected to have an impact on Amcor's financial outlook for fiscal 2025.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4136":"纸材料包装","BCNA":"Reality Shares Nasdaq NexGen Economy China ETF","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","AMCR":"AMCOR PLC","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","BK4588":"碎股","AMC":"AMC院线","BK4597":"股息贵族","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","AMC.AU":"AMCOR PLC-CDI","BK7063":"纸材料包装"},"translate_title":"Amcor完成之前宣布的以1.22亿美元出售BCNA合资企业权益；用于减少债务的收益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC.AU":1,"AMCR":1,"BCNA":1,"AMC":0.9},"content_text":"ZURICH, Dec. 30, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million on December 27, with the proceeds used to reduce debt.\n\n  \n\nFiscal 2024 total sales for the joint venture were approximately $190 million and adjusted EBIT was approximately $19 million, both of which were previously fully consolidated under Amcor's Rigid Packaging business. Adjusted net income attributable to Amcor for fiscal 2024 was approximately $8 million. Net of the resulting reduction in interest expense, the transaction is not expected to have an impact on Amcor's financial outlook for fiscal 2025.  \nAbout Amcor\nAmcor is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The Company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor people generated $13.6 billion in annual sales from operations that span 212 locations in 40 countries. NYSE: AMCR; ASX: AMC  www.amcor.com I LinkedIn I YouTube\n View original content to download multimedia:https://www.prnewswire.com/news-releases/amcor-completes-previously-announced-sale-of-bcna-joint-venture-interest-for-122-million-proceeds-used-to-reduce-debt-302340206.html\nSOURCE Amcor","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}