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Amcor offloads AMVIG Holdings stake

Sep. 24, 2020 10:27 AM ETAmcor plc (AMCR) StockAMCRBy: SA News Team
  • Amcor (AMCR +0.1%) entered into a binding agreement with New Prospect Capital for the sale of its 47.6% equity accounted investment in Hong Kong listed AMVIG Holdings for cash consideration of $124M.
  • Transaction expected to close in the upcoming days.
  • For the year ended June 30, 2020, adjusted EBIT for the Amcor Group included a $12M contribution from the investment in AMVIG and cash flow from operations included $10M related to the receipt of annual dividends.

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