Brief: Orora Updates On Potential Transaction

Orora

01/09/2023 02:04

Sept 1 (Reuters) - Orora Ltd  ORA.AX :
    * UPDATE ON POTENTIAL TRANSACTION
    * NOT CURRENTLY IN A POSITION TO ANNOUNCE POTENTIAL MATERIAL
TRANSACTION INVOLVING ACQUISITION OF SAVERGLASS SAS
    * HAS MADE SUBSTANTIAL PROGRESS IN NEGOTIATIONS WITH OWNERS
OF
OLYMPE SAS, HOLDING COMPANY OF SAVERGLASS SAS
    * PARTIES ARE NOW IN PROCESS OF FINALISING TRANSACTION
DOCUMENTS
TO IMPLEMENT POTENTIAL TRANSACTION
    * EXPECTS TO BE ABLE TO MAKE AN ANNOUNCEMENT IN RESPECT OF
POTENTIAL TRANSACTION BEFORE COMMENCEMENT OF TRADING ON TUESDAY,
5 SEPT
    * ALSO IN PROCESS OF FINALISING FUNDING ARRANGEMENTS FOR
POTENTIAL
TRANSACTION
    * AGREEMENT REACHED ON KEY COMMERCIAL TERMS WITH OWNERS OF
OLYMPE
SAS

Source text for Eikon:  ID:nASX1WWHbj 
Further company coverage:  ORA.AX 

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