Alcoa plans to hive off its packaging and consumer businesses to New Zealand´s Rank Group Ltd. for US$2.7 bln in a cash deal. The transaction is expected to be completed by the end of Q1-08. Lehman Brothers acted as financial advisor to Alcoa on this transaction. Alcoa´s packaging and consumer businesses generated revenues of approx US$3.2 bln and US$95 mln in after-tax operating income in 2006, representing approx 10% of Alcoa 2006 revenues and 3% of after-tax operating income.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=11430&P=P
Friday, December 28, 2007
Alcoa to sell packaging business for US$2.7bln
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment