Sale of investment in AMVIG Holdings Limited
Sale of investment in AMVIG Holdings Limited |
[24-September-2020] |
ZURICH, Sept. 24, 2020 /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC) today announced it has entered into a binding agreement with New Prospect Capital for the sale of its 47.6% equity accounted investment in AMVIG Holdings Limited (AMVIG) for cash consideration of US$124 million. AMVIG is listed on the Hong Kong Stock Exchange and the transaction, by way of share sale is expected to close in the coming days. For the year ended 30 June 2020, Adjusted EBIT for the Amcor Group included a US$12 million contribution from the investment in AMVIG and cash flow from operations included US$10 million related to the receipt of annual dividends. For further information please contact:
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Company Codes: Australia:AMC, NYSE:AMCR |
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