Amcor Liquidates its 50% Stake in BCNA JV for $122 Million
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Amcor has liquidated its 50% stake in the BCNA joint venture for $122 million. The joint venture's total sales in fiscal 2024 are approximately $190 million, with an adjusted EBIT of roughly $19 million.
December 31, 2024 | 2:00 pm
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Amcor has sold its 50% stake in the BCNA joint venture for $122 million. The joint venture had significant sales and EBIT, indicating a strategic move by Amcor to liquidate its stake.
The sale of Amcor's stake in the BCNA joint venture for $122 million suggests a strategic decision to reallocate resources or focus on other areas. The joint venture's significant sales and EBIT indicate that the stake was valuable, and the liquidation could positively impact Amcor's financial flexibility and strategic positioning.
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