According to reports, Ball Corporation may be ready to sell 11 of its European plants to enable EU anti-trust regulators to approve its £4 billion acquisition of Rexam PLC.
In February 2015, Ball Corporation and Rexam PLC jointly announced the terms of a recommended offer by Ball to acquire all of the outstanding shares of Rexam in a cash and stock transaction.
Reports suggest that the US-based can maker has indicated it is willing to sell more than $1.5 billion worth of assets, and could offer to divest factories in the UK, France, Austria, Germany, Spain, and the Netherlands.
Analysts estimate that the merged company would have around 70% of the European beverage can market and 60% of the North American market.
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