BALL Boosts Portfolio With Sale of 41% Interest in Saudi Arabia JV

Key Takeaways Ball Corp completed the sale of a 41% stake in its Saudi joint venture to ORG for $70M.The company retains 10% ownership in the JV to maintain a strategic minority position.The deal expands Ball Corp's collaboration with ORG to serve Middle East customers better.Ball Corporation (BALL) announced that it sold its 41% ownership interest in Ball United Arab Can Manufacturing Company (UAC), its consolidated joint venture in the Kingdom of Saudi Arabia, to a subsidiary of ORG Technology Co., Ltd. ( ...