COMPANIES Amcor is poised to cement its position as one of the world’s largest packaging businesses as its finalises details of the A$2.4bn (US$2bn) purchase of Alcan packaging assets being sold by Rio Tinto, the Anglo-Australian mining group.
Amcor has been interested in the Alcan assets for more than a year and on Monday the Australian-listed group had its shares placed in a trading halt pending the “outcome of late-stage negotiations regarding a possible acquisition”.
