29 December 2009 17:18 [Source: ICIS news]
Not included in the approval by the US Department of Justice (DOJ) was Alcan’s Medical Flexibles business, which would be reviewed in detail by the department, Amcor said.
Amcor in August offered to acquire large parts of Alcan’s packaging business for $2.0bn (€1.4bn) from mining group Rio Tinto, including Food Europe, Food Asia, Global Tobacco and Global Pharmaceutical, in an effort to create one of the world’s leading packaging companies.
The European Commission cleared the deal earlier this month, subject to Amcor’s divestment of the bulk of its pharmaceutical flexible packaging business in
Alcan Packaging became a subsidiary of Rio Tinto in 2007 when
($1 = €0.70)
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