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India

Orora Ltd (ORA.AX)

ORA.AX on Australia Stock Exchange

3.23AUD
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Thu, Oct 10 2019

Australia's Orora to sell fiber arm for $1.2 billion, with big return for shareholders

Australian packaging maker Orora Ltd said Thursday it will sell its local fiber materials business to Japan's Nippon Paper Industries for A$1.72 billion ($1.15 billion), simplifying its operations and sending its shares up 20%.

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