Orora Limited agreed to acquire Saverglass SAS for ?1.2 billion.

Orora Limited (ASX:ORA) agreed to acquire Saverglass SAS for ?1.2 billion on September 5, 2023. Completion of the Acquisition is conditional on certain matters taking place, some of which are beyond Orora?s direct control. In particular, while the parties have entered into a Put Option Agreement in connection with the Acquisition, the exercise of that put option and execution of a binding Share Purchase Agreement to implement the Acquisition is subject to certain mandatory French works council consultation processes having been completed.

Citigroup Global Markets Australia Pty Ltd and AFRY Capital are acting as financial advisers to Orora on the Acquisition. Baker McKenzie is acting as legal adviser to Orora in relation to the Acquisition and Equity Raising.