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EU: Ball set to win approval for 4.43-billion Rexam deal

By  |  December 10, 2015

US drinks can maker Ball is set to win EU approval for its 4.43-billion-pound bid for Rexam with an improved package of concessions, two people familiar with the matter said, boosting the UK firm’s shares.

The world’s two largest beverage can makers by volume are seeking to merge to improve management of capital spending and costs. But the deal triggered concerns in the European Commission that it would drive up prices for companies and consumers.

Last month, Ball offered to sell 11 plants across Europe, nine of which make cans and two produce can ends. Rivals and customers wanted a better mix, with more factories making aluminium cans rather than steel which is an old technology.

Ball subsequently fine-tuned the package, the sources said on Thursday, declining to provide details.

Full content: Yahoo! News

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