Amcor completes previously announced sale of BCNA joint venture interest for $122 million; Proceeds used to reduce debt
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Amcor has completed the sale of its 50% interest in Bericap North America for $122 million, using the proceeds to reduce debt. The joint venture had fiscal 2024 sales of $190 million and an adjusted EBIT of $19 million.
December 30, 2024 | 3:15 pm
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Amcor has sold its 50% interest in Bericap North America for $122 million, using the proceeds to reduce debt. This move is likely to improve Amcor's financial position by decreasing its debt load.
The sale of the joint venture interest for $122 million allows Amcor to reduce its debt, which is a positive financial move. This transaction is likely to improve Amcor's balance sheet and could lead to a positive short-term impact on its stock price.
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IMPORTANCE 80
RELEVANCE 90