Language
Ball Corp considers options for aerospace unit

News

HomeHome / News / Ball Corp considers options for aerospace unit
search
RECENT NEWS

Aug 16, 2023

'A Chorus Line’ and ‘All My Children’ actress Pamela Blair dead at 73

Aug 08, 2023

On the Record

Jul 31, 2023

Centrum Pharmaceuticals Secures Over CNY 1.1 Bn in New Financing Round

Aug 18, 2023

Pam Ayres: ‘I inherited a love of English from my mother’

Aug 04, 2023

Martin to be inducted into SDIC Hall of Fame

SEND YOUR INQUIRY
SUBMIT

Feb 23, 2024

Ball Corp considers options for aerospace unit

The logo of Ball Corporation is displayed at their plant in Wakefield, Britain, October 18, 2019. REUTERS/Andrew Yates/File Photo June 20 (Reuters) - Ball Corp (BALL.N), the world's largest supplier

The logo of Ball Corporation is displayed at their plant in Wakefield, Britain, October 18, 2019. REUTERS/Andrew Yates/File Photo

June 20 (Reuters) - Ball Corp (BALL.N), the world's largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was looking to sell the unit for more than $5 billion.

The business has attracted the interest of large defense companies such as BAE Systems (BAES.L) and Textron (TXT.N), as well as private equity firms, the Reuters report had said.

There is no certainty that any formal decision will be made, Ball Corp said in a statement on Tuesday.

The divestment of the aerospace business, which accounted for 13% of Ball's consolidated net sales in 2022, would allow the company to focus more on its beverage packaging operations and trim its debt pile of about $9.7 billion.

Our Standards: The Thomson Reuters Trust Principles.