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Swire Pacific Agrees To Sell Crown Can Stakes For US$150 Million

HONG KONG -(Dow Jones)- Blue-chip conglomerate Swire Pacific Ltd. (0019.HK) said Tuesday it agreed to sell its holdings in two beverage-can joint ventures to its partner in the ventures, Crown Holdings Inc. (CCK), for a total of US$150 million. Swire said in a statement it will use the proceeds from the sale as general working capital. One of the ventures, Crown Beverage Cans Hong Kong Ltd., manufactures aluminium beverage cans in China and Vietnam. The other venture, Crown Swire Investment Co. -By Yvonne Lee, Dow Jones Newswires; 852-2802-7002; yvonne.lee@dowjones.com

Stock News for Crown (CCK)
DateTimeHeadline
04/21/201504:10:48Crown Holdings Stock Rating Upgraded by Bank of America (CCK)
04/20/201513:31:13Crown Holdings Price Target Raised to $63.00 at Jefferies Group...
04/20/201507:41:21Crown Holdings Given New $60.00 Price Target at Robert W. Baird...
04/16/201517:13:02Current Report Filing (8-k)
04/16/201517:01:00Crown Holdings, Inc. Reports First Quarter 2015 Results
04/15/201516:52:00Crown Reaches New Labor Agreement With United Steelworkers
04/07/201516:46:53Ball Says U.S. Seeks More Information on Rexam Acquisition
04/07/201516:45:53Ball Says U.S. Seeks More Information on Rexam Acquisition
03/18/201511:14:00Crown Holdings Schedules First Quarter 2015 Earnings Conference...
03/17/201507:56:35The Best Stocks To Buy This Week
03/16/201512:59:52Proxy Statement (definitive) (def 14a)
03/11/201510:15:31Initial Statement of Beneficial Ownership (3)
03/10/201507:17:07My Top Containers And Packaging Stocks For 2015
03/09/201505:48:27The Top Scoring Stocks To Buy This Week
03/04/201515:21:59Current Report Filing (8-k)
03/03/201511:04:00Crown Holdings, Inc. Announces David A. Beaver Promoted To Vice...
03/02/201515:08:36Statement of Changes in Beneficial Ownership (4)
03/02/201515:08:35Statement of Changes in Beneficial Ownership (4)
03/02/201515:08:35Statement of Changes in Beneficial Ownership (4)
03/02/201515:08:35Statement of Changes in Beneficial Ownership (4)

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