Australian packaging company Amcor is finalising a US$1.2bn loan to partially fund its buyout of part of Rio Tinto’s Alcan packaging business, according to banking sources. Banks were asked to commit to a minimum US$100 million by 31 July, writes Reuters. Last month Amcor was close to a deal that could be valued at up to US$2.4 billion and flagged that a A$1.5bn capital raising was possible if the company was successful in reaching an agreement.
www.amcor.com
