Rexam completes disposal of loss-making division

Consumer packaging giant Rexam has completed the disposal of its Personal Care division, selling off the final part of the loss-making unit.

Consumer packaging giant Rexam has completed the disposal of its Personal Care division, selling off the final part of the loss-making unit.

The company, which proposed to sell the division back in July in two parts, has now received the approval from Chinese authorities for the sale of its Cosmetics, Toiletries and Household care products business to Sun European Partners for $459m in cash.

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