UK - The £1bn Rexam Pension Plan will lose 8% of its active membership following the sale of its sponsor's medical flexible packaging business.
The consumer packaging group is selling the business to Australian rival Amcor for £135m and will use the proceeds to reduce its borrowings by around 10%. The deal will result in 170 Rexam staff...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date