Australia's Orora makes $1.4 bln play for France-based Saverglass

Orora

05/09/2023 01:01

Sept 5 (Reuters) - Australian packaging firm Orora Ltd
 ORA.AX  said on Tuesday it will acquire French high-end glass
bottle manufacturer Saverglass for an enterprise value of A$2.16
billion ($1.40 billion).
    It said in a statement it will start a capital raising of
A$1.35 billion to pay for the acquisition.
    ($1 = 1.5477 Australian dollars)

 (Reporting by Poonam Behura and Sameer Manekar in Bengaluru;
Editing by Jacqueline Wong)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))