Rio Tinto recently announced the sale of the Alcan Packaging food Americas division to Bemis Co., Inc., for US$1.2 billion. The remaining Beauty packaging division will be divested separately.
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Rio Tinto received a binding offer from Amcor to acquire the majority of the Alcan Packaging businesses, comprising Alcan Packaging global pharmaceuticals, global tobacco, food Europe, and food Asia divisions, for a total consideration of US$2.025 billion.