Amcor recently announced that it will be selling its three factories in Russia. This announcement is in line with its statement in March regarding scaling down activities and exploring strategic options for its Russia operations.
Until completion of the sale, which is currently expected to occur in the second half of its 2023 fiscal year, Amcor remain committed to supporting its employees and customers, while preserving value for shareholders through an orderly sale process. The guidance Amcor provided for FY23 in its recent year-end results takes into account a number of potential outcomes regarding the sale of Amcor’s factories in Russia. Amcor’s quarterly and year-end financials for FY22 can be found here.
Amcor is a global leader in developing and producing responsible packaging solutions for food, beverage, pharmaceutical, medical, home and personal-care, and other products.