ORG Technology

Ball completed the sale of 41% of its 51% stake in United Arab Can Manufacturing to a subsidiary of Beijing-based ORG Technology for about $70 million, reducing its stake to 10%.

Ball Corporation agreed to sell its metal beverage can and end plants in Beijing, Foshan, Hubei and Qingdao, China, to ORG Technology for approximately $225 million, plus potential additional consideration. Ball will license its technology to ORG and reinvest about $50 million in ORG's shares.

Ball Corporation agreed to sell its metal beverage packaging facilities in Beijing, Foshan, Hubei and Qingdao, China, to ORG Technology for about $225 million, plus potential relocation-related consideration. The deal is expected to close in the second half of 2019.