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Rexam Completes Sale of Pharmaceutical Devices and Prescription Retail Packaging Divisions

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

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

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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