Amcor (AMCR) said Monday it has completed the sale of a 50% interest in Bericap North America for $122 million.
The proceeds will be used for debt reduction, Amcor said.
The joint venture posted sales of approximately $190 million in fiscal 2024, Amcor added. The transaction is not expected to impact Amcor's financial outlook for fiscal 2025, aside from a reduction in interest expense, it added.
Amcor shares fell 1.3% in recent trading.
Price: 9.32, Change: -0.13, Percent Change: -1.32
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