Global miner Rio Tinto Ltd
(ASX:RIO) has accepted packaging company Amcor Ltd
(ASX:AMC) offer for parts of the Alcan Packaging business after the company announced today that the consultation process with the European Works Council has been completed.
Following completion, Amcor says Rio Tinto has formally signed the sale and purchase agreement.
CEO Ken MacKenzie says the company is pleased to have finalised the consultation process with the European Works Council and looks forward to moving to completion of the transaction.
Amcor’s fiscal 09 profit came to $211.7 million.
