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Corrs packages up listing
Amcor has proposed to list its packaging and global distribution business on the Australian Securities Exchange (ASX).
Digital
Firms: Corrs Chambers Westgarth (Amcor)
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Deal: Amcor’s proposal to spin off its Australian and New Zealand packaging arm and global distribution business and list it on the ASX
Area: Equity capital markets
Value: $2 billion (Amcor’s total market capitalisation is about $13 billion)
Key players: Corrs partners Braddon Jolley (pictured) and Andrew Lumsden were the firm’s principal lawyers on this deal
Deal significance: Amcor’s proposal to spin off its Australian and New Zealand packaging arm and global distribution business, listing it on the ASX, is expected to be valued at about $2 billion. Amcor’s total market capitalisation is about $13 billion.
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