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Simply to call on enhanced regulation is a little short Since then we in have recovered about a thirdYou must have in mind their latent or implicit needsIdeally allow Lehman to run was not a problemThe greatest collectors of the world comeCIC committed top speed in this month of SeptemberThe sponsor returned to balance with a EUR 0It affects all productions at the same timeIn the meantime the Saxony seeks more bearing opportunitiesWe consider this as a gesture of opennessIt is the largest acquisition in the history of Amcor. Australian giant of the packaging, which had disbursed US $ 1.5 billion to put the hand on the PET bottles and lids from the German Schmalbach-Lubeca in 2002, yesterday announced the resumption to Rio Tinto of part of the assets of Alcan, in particular, many ex-Pechiney plants. The amount of the transaction exceeds this time 2 billion US $ 2.02 billion exactly (1.4 billion euros). "The price offered is subject to certain adjustments, including the financial performance of the activities of Alcan Packaging and the value of certain liabilities transferred to the closing date," said Alcan. The group retains the moment factories of packaging for the cosmétiques, which will be the subject of a separate assignment.
This operation allows Amcor to grow on segments where he was leader. The group, already world number one of the PET plastic packaging, come close so first suppliers of cardboard for packets of cigarettes in Europe.
More generally, it will occupy first place in the world for the flexible packaging of drugs, such as platelets of tablets. The acquisition also deals with the divisions of food packaging in Europe and Asia. Or a total of 14,000 employees employees at 80 sites in 28 countries and a turnover of more than 4 billion in 2008, representing 62 of the sales consolidated Alcan Packaging. In France, 15 sites are concerned, employing 2.800 people.
Rio Tinto resumed this activity with the hand on the Canadian producer of aluminium Alcan for us $ 38 billion in 2007. The mining giant, who wishes to get out of debt, has already announced early July the sale of its division of Alcan Packaging Food Americas for $ 1.2 billion to the Bemis Company American. In fact, the sale of the activities of packaging had been decided by the Board of Directors of Alcan before even discussions with Rio Tinto. Analysts had then raised an amount between 5 and 6 billion of dollars...
Halting the decline in profits
In fact, Amcor leaders were able to take advantage of the changing market and the fact that Rio Tinto wanted to get out of debt quickly. "In termes of economic cycle, it is the right time to make acquisitions because the asset price is significantly lower than it was a few years ago," Welcomes Ken MacKenzie, the Director General of the Australian Group, which thus achieves its first large acquisition. As more that Amcor pays his ways that 5.5 to 5.7 times its gross operating (EBITDA) surplus, then as Bemis had to pay about 7 times EBITDA of its target.
The Australia Group has even on its investment to stem declining profits. Last year, the benefit of the group after tax and before exceptional items fell by 2.3, 360.5 million Australian dollars (210 million euros). And important synergies are expected. The savings are estimated at 200-250 million Australian dollars a year in the first three years following the completion of the transaction. In total, the new Amcor will be 14 billion Australian dollars of turnover with 35,000 employees. The group will be present in 43 countries and hold 306 plants.
