Consumables

AMCOR ANNOUNCES SALE OF FAIRFIELD MILL LAND

Monday 01. July 2013 - Amcor announces today that it has reached agreement, subject to expected regulatory approvals, to sell its property in Fairfield for a consideration of $120 million.

The proceeds will be paid progressively over a four year period with Amcor receiving a $10 million deposit on exchange of contracts. The profit on sale is anticipated to be approximately $60 million.
The purchaser is a consortium led by Alpha Partners Pty Ltd and a company associated with Glenvill Group.