- 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.