Ball Corporation has completed the sale of 41% of its 51% ownership interest in Ball United Arab Can Manufacturing Company, or UAC, its consolidated joint venture in the Kingdom of Saudi Arabia, to a subsidiary of ORG Technology for approximately $70M, subject to customary closing adjustments. Upon closing, Ball deconsolidated UAC and retains a 10% ownership interest.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BALL: