Rexam, the global consumer packaging company and the world's leading beverage can maker, confirms that it has been informed that its application for clearance of the proposed acquisition of Rostar, the Russian beverage can maker, announced in early July 2007, has been rejected by the Russian Federal Antimonopoly Service (FAS).
Rexam is currently reviewing the consequences of this decision with its advisors and plans to explore opportunities for further dialogue with the FAS about this matter, including re-filing of the application. Rexam believes the acquisition would give the Company less than 15% of the Russian beverage container market.
A further announcement will be made in due course.