Shares in Australian packaging group Amcor Ltd. hit an 18-month high 9 April as the market gave the thumbs up to the planned merger of its European flexible packaging business with two leading Europea…
Shares in Australian packaging group Amcor Ltd. hit an 18-month high 9 April as the market gave the thumbs up to the planned merger of its European flexible packaging business with two leading European counterparts. Amcor shares leapt 5.67% as the market digested the details of Amcor“s proposed three-way merger between its flexible packaging business and those of Dansico A/S and Ahlstrom Corp. Analysts applauded the merger for giving Amcor a springboard for further acquisitions in Europe and reducing limitations on its growth potential. On 6 April Amcor said it would forge its packaging operations with those of Danish group Dansico and the majority of operations of Finnish group Akerlund & Rausing, which is owned by Ahlstrom, to create a new entity – Amcor Flexibles Europe A/S.