Regulatory Approvals Update
07 Januar 2010 - 8:00AM
UK Regulatory
TIDM81BK TIDMRIO
RNS Number : 1668F
Amcor Limited
07 January 2010
7 January 2010
Regulatory Approvals Update
On 23 December 2009, Amcor Limited announced that the consultation process with
the European Works Council relating to Amcor acquiring certain parts of Alcan
Packaging from Rio Tinto PLC has been successfully completed.
Following completion of the European Works Council consultation, Rio Tinto Plc
has formally signed the Sale and Purchase Agreement.
On 29 December 2009, Amcor announced that the US Department of Justice
terminated the Hart-Scott-Rodino premerger waiting period, allowing Amcor to
acquire substantially all of the operations of Alcan Packaging and limiting its
ongoing review to Alcan's Medical Flexibles operations in the US.
A decision on whether Amcor is able to acquire Alcan's Medical Flexibles
operations in the US will be made following a detailed review of the market by
the US Department of Justice.
In summary, regulatory approvals have been granted in Europe, United States,
Australia, Canada, Russia, Turkey and Ukraine.
In Europe, Amcor has agreed to divest two plants and in the US, Amcor has agreed
to hold back on acquiring four plants.
The decision of the US Department of Justice allows the acquisition to proceed
on all of the operations except Alcan's Medical Flexibles operations in the US.
ENDS
For full details visit our website www.amcor.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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