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Rexam Completes Sale of Pharmaceutical Devices and Prescription Retail Packaging Divisions

May 9, 2014

Sold it to Montagu Private Equity for a US$805 million

Rexam PLC confirms that it has completed the sale of the Pharmaceutical Devices and Prescription Retail Packaging divisions of its Healthcare business to Montagu Private Equity for a total cash consideration of US$805 million, subject to customary closing adjustments.
 
As previously announced, following completion Rexam proposes to return £450m of the proceeds to shareholders by way of a B and C share scheme together with a share capital consolidation.

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