Ball Closes Sale of 41% Interest in Saudi Arabia Joint Venture; Retains 10% Ownership Stake
Ball Corporation (NYSE: BALL) has finalized the sale of 41% of its stake in Ball United Arab Can Manufacturing Company (UAC), its Saudi Arabia joint venture, to ORG Technology Co., Ltd. for approximately $70 million. The transaction reduces Ball's ownership from 51% to 10% in UAC.
The strategic move deepens Ball's relationship with ORG, combining Ball's global can innovation and customer reach with ORG's regional execution and manufacturing capabilities. Following the sale, Ball has deconsolidated UAC while maintaining a strategic minority position, enhancing its flexibility for core growth investments and EVA庐 expansion.
Ball Corporation (NYSE: BALL) ha completato la cessione del 41% della sua partecipazione in Ball United Arab Can Manufacturing Company (UAC), la sua joint venture in Arabia Saudita, a ORG Technology Co., Ltd. per circa 70 milioni di dollari. L'operazione riduce la quota di Ball in UAC dal 51% al 10%.
La mossa strategica rafforza il rapporto con ORG, mettendo insieme l'innovazione globale nella produzione di lattine e la clientela di Ball con le capacit脿 operative e produttive regionali di ORG. Dopo la vendita, Ball ha deconsolidato UAC pur mantenendo una posizione di minoranza strategica, aumentando la propria flessibilit脿 per investimenti core e l'espansione di EVA庐.
Ball Corporation (NYSE: BALL) ha concretado la venta del 41% de su participaci贸n en Ball United Arab Can Manufacturing Company (UAC), su empresa conjunta en Arabia Saudita, a ORG Technology Co., Ltd. por aproximadamente 70 millones de d贸lares. La transacci贸n reduce la participaci贸n de Ball en UAC del 51% al 10%.
Este movimiento estrat茅gico profundiza la relaci贸n con ORG, combinando la innovaci贸n global y la red de clientes de Ball con la ejecuci贸n regional y las capacidades manufactureras de ORG. Tras la venta, Ball ha desconsolidado UAC pero mantiene una posici贸n minoritaria estrat茅gica, lo que le otorga mayor flexibilidad para inversiones clave y la expansi贸n de EVA庐.
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鞚措矆 鞝勲灥鞝� 瓴办爼鞚� Ball鞚� 旮�搿滊矊 旌�(旌� 鞝滌“) 順侅嫚瓿� 瓿犼皾 雱ろ姼鞗岉伂毳� ORG鞚� 歆�鞐� 鞁ろ枆霠� 氚� 鞝滌“ 鞐焿瓿� 瓴绊暕鞁滌紲 鞏戩偓 甏�瓿勲ゼ 臧曧檾頃╇媹雼�. 毵り皝 頉� Ball鞚� UAC毳� 鞐瓣舶鞛鞝滍憸鞐愳劀 鞝滌櫢頄堨溂雮� 鞝勲灥鞝� 靻岇垬 歆�攵勳潃 鞙犾頃� 頃奠嫭 靹膘灔 韴瀽鞕� EVA庐 頇曥灔鞐� 雽�頃� 鞙犾棸靹膘潉 雴掛榾鞀惦媹雼�.
Ball Corporation (NYSE: BALL) a finalis茅 la cession de 41% de sa participation dans Ball United Arab Can Manufacturing Company (UAC), sa coentreprise en Arabie saoudite, 脿 ORG Technology Co., Ltd. pour environ 70 millions de dollars. La transaction r茅duit la participation de Ball dans UAC de 51% 脿 10%.
Cette d茅cision strat茅gique renforce la relation avec ORG en associant l'innovation mondiale de Ball dans les canettes et son acc猫s clients aux capacit茅s d'ex茅cution et de production r茅gionales d'ORG. Apr猫s la vente, Ball a d茅consolid茅 UAC tout en conservant une participation minoritaire strat茅gique, augmentant ainsi sa flexibilit茅 pour des investissements prioritaires et l'expansion d'EVA庐.
Ball Corporation (NYSE: BALL) hat den Verkauf von 41% seiner Beteiligung an der Ball United Arab Can Manufacturing Company (UAC), seinem Joint Venture in Saudi-Arabien, an ORG Technology Co., Ltd. f眉r rund 70 Millionen US-Dollar abgeschlossen. Dadurch sinkt Balls Anteil an UAC von 51% auf 10%.
Der strategische Schritt vertieft die Zusammenarbeit mit ORG, indem Balls globale Dosen-Innovation und Kundenreichweite mit ORGs regionaler Umsetzungskraft und Fertigungskapazit盲ten kombiniert werden. Nach dem Verkauf hat Ball UAC aus der Konsolidierung herausgenommen, beh盲lt jedoch eine strategische Minderheitsbeteiligung und erh枚ht so seine Flexibilit盲t f眉r Kernwachstumsinvestitionen und die Expansion von EVA庐.
- Sale generates approximately $70 million in proceeds
- Strategic partnership with ORG enhances regional execution capabilities
- Reduced ownership stake improves financial flexibility for core growth investments
- Maintains strategic presence in Middle East market through 10% ownership
- Reduction of controlling interest from 51% to 10% in Saudi Arabia operations
- Loss of consolidation benefits from UAC joint venture
"Today's announcement reflects our continued focus on a disciplined, returns鈥憃riented portfolio," said Daniel W. Fisher, chairman and chief executive officer. "We are pleased to deepen our relationship with ORG and look forward to collaborating to better serve customers in the
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Ball Corporation employs 16,000 people worldwide and reported 2024 net sales of
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