Further re acquisition of Rostar

Date: 19 September 2007
Source: www.rexam.com

Date: 19 September 2007

Rexam, the global consumer packaging company and the world's leading beverage can maker, confirms that it has been informed that its application for clearance of the proposed acquisition of Rostar, the Russian beverage can maker, announced in early July 2007, has been rejected by the Russian Federal Antimonopoly Service (FAS).



Rexam is currently reviewing the consequences of this decision with its advisors and plans to explore opportunities for further dialogue with the FAS about this matter, including re-filing of the application. Rexam believes the acquisition would give the Company less than 15% of the Russian beverage container market.

A further announcement will be made in due course.

600450 Further re acquisition of Rostar glassonweb.com

See more news about:

Others also read

MORE...

Interim Management Statement
Rexam PLC, the global consumer packaging company, today issues its interim management statement for the period from 1 July 2010.
Rexam ADRs To Trade On The US Over-the-Counter Market
Rexam, the global consumer packaging company, confirms that its American Depositary Receipts (ADRs) will commence trading as a Level 1 ADR Over-the-Counter Program as of today under the symbol REXMY.
Rexam Completes Acquisition Of O-I Plastics
Rexam, the global consumer packaging group and the world’s leading beverage can maker, is pleased to announce that it has completed the acquisition of O-I Plastics which was initially announced on 11 June 2007.
Rexam: Challenging Half Year – Now Well Positioned For Future Growth
Rexam, the global consumer packaging company and  beverage can maker, announces its results for the six months to 30 June 2007.
Rexam Acquires Russian Beverage Can Maker For US$297m
Rexam, the global consumer packaging company and the beverage can maker, is pleased to announce that it has agreed to acquire Rostar, the Russian beverage can maker, from En+ Group Limited, the parent of Rusal, the Russian aluminium group, for a total cash consideration of US$297m (£149m), including borrowings assumed.
Rexam PLC Voting Rights and Capital
Rexam, the global consumer packaging company and the world's leading beverage can maker, notifies the market that at 30 June 2007 Rexam PLC's capital consists of 641,941,615 ordinary shares of 64 2/7 pence each, each ordinary share carrying the right to one vote at general meetings.

Add new comment