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Ball agrees to sell $3.42 billion in assets to win approval for Rexam buyout (correct*)

( April 25, 2016, 10:34 GMT | Official Statement) -- MLex Summary: Drink-can maker Ball has agreed to sell can plants in Europe, Brazil and the US to the Ardagh Group to win regulatory approval for Ball’s acquisition of UK rival Rexam, the buyer said in a statement today. The sale to Ardagh, a maker of glass and metal packaging, is valued at about $3.42 billion, Ball said. Assets being sold include eight manufacturing facilities in the US, 12 in Europe and two in Brazil, the company said.* The asset sale is conditional on regulatory approval and the closing of Ball’s acquisition of Rexam.*Corrected on June 7, 2016, at 15:45 GMT: Corrects number of assets being sold....

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