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Bids, Mergers and Takeovers

Ball Corp gets EC okay for proposed Rexam deal

15 January 2016 11:25

Ball Corp said the European Commission (EC) has granted conditional regulatory clearance in Europe of its proposed acquisition of Rexam.

As part of the conditional clearance, the EC is requiring Ball to divest eight of its existing European metal beverage can manufacturing plants and two end plants, along with two of Rexam's metal beverage can manufacturing plants.

The EC is also requiring Ball to divest certain European innovation and support functions in Bonn, Germany, Chester, U.K. and Zurich, Switzerland.

At 11:25am: (LON:REX) Rexam PLC share price was +0.25p at 602.25p

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