Last updated: 01-07-2013
News type: ASX Announcements
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.