- Ball Corp. ( NYSE: BALL ) said Wednesday it sold its beverage packaging business in Russia to Arnest Group for $530M.
- Arnest Group acquired all of BALL's Russian-based business.
- The acquirer is the largest manufacturer of perfume, cosmetic and household products in aerosol packaging in Russia.
- The sale is not expected to impact BALL's businesses outside Russia.
- BALL in Mar. said it would pursue a sale of its Russian business, which represented 4% of total net sales in FY21.
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Ball Corp sells beverage packaging business in Russia to Arnest Group for $530M