Amcor to finalise Rio acquisition after sealing $1.2bn loan

Australian packaging company Amcor signed a $1.2bn loan late last week to support its $2.4bn acquisition of Rio Tinto’s Alcan assets, proving that the region's loan market remains capable of backing large scale acquisitions.

  • 18 Aug 2009

Amcor has not confirmed the acquisition, but it halted its shares from trading on the Australian exchange on Monday and was expected to make an announcement by Wednesday. It is said to be buying Alcan’s European food and global tobacco and pharmaceutical packaging businesses.

The financing for the ...

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