LONDON (Alliance News) - Ball Corp on Tuesday said it has received final conditional regulatory clearance in Brazil for its GBP4.3 billion acquisition of rival beverage can maker Rexam PLC.
Ball Corp said that following clearance from Conselho Administrativo de Defesa Econômica in Brazil, it expects to obtain the remaining regulatory clearances in time for the acquisition to complete during the first half of 2016.
Ball Corp reiterated that on completion of the acquisition of UK-based Rexam, it will remain listed on the New York Stock Exchange and domiciled in the US.
Shares in Rexam were trading up 0.2% at 603.50 pence on Tuesday afternoon.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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