Ball Corp. (BLL) announced that it has agreed to acquire Guangdong Jianlibao Group Co., Ltd.'s 65% interest in a joint venture metal beverage can and end plant in Sanshui, China. Ball will acquire the plant and related assets for approximately $90 million in cash and assumed debt. The company also entered into a long-term supply agreement with Jianlibao. The transaction is expected to close next year.
Ball has owned 35% of the joint venture plant since 1992.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.