Ball Corp completes sale of Russian beverage packaging business to Arnest for $530M

BALL Corp

Sale to Arnest Group closed for $530 million; all required approvals obtained.
Transaction is not subject to any conditions; sale does not impact Ball's non-Russia businesses.
CEO Dan Fisher says the deal secures future of Ball's Russian colleagues and assets.
Ball had previously announced decision to exit Russia in March 2022.
Arnest is Russia's largest aerosol packaging manufacturer; Ball's Aerosol division has worked with them.

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