Bekanntmachung • Sep 12
Orora Limited, Annual General Meeting, Oct 15, 2025 Orora Limited, Annual General Meeting, Oct 15, 2025. Location: square, 727 collins st, and, melbourne 3008 Australia Bekanntmachung • Jul 22
Orora Limited to Report Fiscal Year 2025 Results on Aug 14, 2025 Orora Limited announced that they will report fiscal year 2025 results on Aug 14, 2025 Bekanntmachung • Jun 30
Orora Limited to Report First Half, 2026 Results on Feb 12, 2026 Orora Limited announced that they will report first half, 2026 results on Feb 12, 2026 Bekanntmachung • Jan 23
Orora Limited Announces Appointment of Jacqueline (Jackie) McArthur as Non-Executive Director ,Effective 1 April 2025 Orora Limited announced the appointment of Jacqueline (Jackie) McArthur as a non-executive director, effective 1 April 2025. Jackie's appointment follows Orora's ongoing commitment to board renewal and succession planning.
Trained as an aeronautical engineer, Ms McArthur became a leading supply chain executive with McDonalds and later Managing Director of Martin-Brower Australia Holdings. Her extensive board experience includes experience as independent Non-Executive Director with Inghams, Tassal, Blackmores and Invocare. Currently a Non-Executive Director on the boards of Qube Holdings, Cleanaway Waste Management and Kelsian Group, Ms McArthur brings a wealth of experience to Orora. Jackie holds a Bachelor Aeronautical Engineering and is a Graduate of the Australian Institute of Company Directors. Bekanntmachung • Dec 16
Orora Limited to Report First Half, 2025 Results on Feb 13, 2025 Orora Limited announced that they will report first half, 2025 results on Feb 13, 2025 Bekanntmachung • Dec 12
Veritiv Corporation completed the acquisition of Orora Packaging Solutions from Orora Limited (ASX:ORA). Veritiv Corporation entered into a binding agreement to acquire Orora Packaging Solutions from Orora Limited (ASX:ORA) for an enterprise value of $1.2 billion on September 3, 2024. Veritiv’s offer implies approximately 9.9x FY24A cash EBITDA. Veritiv obtained committed financing from its existing lender group – including BMO Capital Markets Corp, Goldman Sachs Bank USA, RBC Capital Markets, LLC, UBS Investment Bank, and Wells Fargo – as well as Morgan Stanley. The agreement contains certain termination triggers that entitle Orora to a termination fee, which includes a payment of $62.5 million by Veritiv to Orora if Veritiv fails to satisfy conditions relating to antitrust clearance (including as a result of such clearance not being obtained within 12 months of the date of the agreement). It also includes a payment of $75 million by Veritiv to Orora where all conditions precedent to the transaction have been satisfied, but Veritiv fails to complete the transaction.
The transaction is subject to regulatory approvals including obtaining all necessary regulatory approvals from applicable governmental antitrust authorities and satisfaction of other customary closing conditions and is expected to be completed in the fourth quarter of 2024. Orora will use the proceeds from the transaction to reduce debt and invest in an organic Cans capacity expansion at Rocklea, Queensland. Orora will distribute surplus proceeds to shareholders over time. As of December 10, 2024, Veritiv Corporation completed all necessary regulatory approvals required to consummate the acquisition of OPS. Following the satisfaction of these conditions' precedent, the parties are working towards completion of the transaction, which is expected to occur in December 2024. Following completion of the transaction, Orora intends to commence returning proceeds from the transaction to shareholders in the form of an on-market share buy-back.
Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC served as lead financial advisors to Veritiv, and BMO Capital Markets Corp, RBC Capital Markets, LLC, and Wells Fargo also served as financial advisors. Kirkland & Ellis LLP and Brett Novick, Scott Selinger, Steven Slutzky and Joshua Samit of Debevoise & Plimpton LLP served as legal counsel to Veritiv. UBS Securities Australia Limited and Jarden Australia Pty Ltd are acting as financial advisers to Orora, and Rick Troiano, David Malliband and Erika P. López of Baker McKenzie is acting as legal advisers to Orora on the transaction.
Veritiv Corporation completed the acquisition of Orora Packaging Solutions from Orora Limited (ASX:ORA) on December 11, 2024. Bekanntmachung • Oct 18
Orora Limited Provides Group Earnings Guidance for the Fiscal Year 2025 Orora Limited provided group earnings guidance for the fiscal year 2025. For the year, the group's EBIT outlook remains consistent with August, with some volume offset - some volume offset by cost management. Bekanntmachung • Sep 13
Orora Limited, Annual General Meeting, Oct 16, 2024 Orora Limited, Annual General Meeting, Oct 16, 2024. Location: as a hybrid meeting, at the events centre, collins square, 727 collins st, melbourne 3008 Australia Bekanntmachung • Aug 15
Orora Reportedly Makes Progress on $1.5 Billion OPS Package Deal Sell-Off Private equity firms are being touted as the logical buyers for the US-based Orora Packaging Solutions, Inc. business, which sources believe could be worth between $1 billion and $1.5 billion. With UBS and Jarden on the ticket for the sale of the business, Orora Limited (ASX:ORA) made it known at its full-year result briefing that it was reasonably progressed with a potential sale. Last year, the Morgan Stanley-advised packaging distributor Veritiv Corporation was purchased by Clayton, Dubilier & Rice, advised by Goldman Sachs, so it may be a buyer. Among other major global private equity funds that invest in the US packaging industry are Kohlberg Kravis Roberts, Apollo Global Management, The Carlyle Group, Bain Capital, PAI Partners, Paine Schwartz, Abror Investments, Champlain Financial, Riverside and L Catterton. Some of the large shareholders in Orora are supportive of the move, given that proceeds could offer some relief to Orora's balance sheet, stretched after its $2.1 billion Saverglass acquisition last year. Yet as always it comes down to the numbers, with a strong price needed to justify parting with a business that has an attractive return on equity, and higher than other parts. The unit has staged a solid performance under the leadership of Orora boss Brian Lowe, so if the price is not right, shareholders will likely be comfortable for it to be retained. Bekanntmachung • Aug 13
Orora Limited to Report Fiscal Year 2024 Results on Aug 14, 2024 Orora Limited announced that they will report fiscal year 2024 results on Aug 14, 2024 Bekanntmachung • Feb 21
Orora Limited Announces Appointment of Company Secretary, Effective 20 March 2024 The Board of Orora Limited announced the appointment of Susannah Jobling Hodgens as an additional company secretary alongside Ann Stubbings, effective 20 March 2024. Bekanntmachung • Jan 15
Orora Limited to Report First Half, 2024 Results on Feb 19, 2024 Orora Limited announced that they will report first half, 2024 results on Feb 19, 2024 Bekanntmachung • Dec 05
Orora Limited (ASX:ORA) completed the acquisition of Olympe SAS. Orora Limited (ASX:ORA) agreed to acquire Olympe SAS for €1.3 billion on September 5, 2023. Orora Limited signed binding share purhcase agreement to acquire Olympe SAS on October 4, 2023.Completion of the Acquisition is conditional on certain matters taking place, some of which are beyond Orora’s direct control. In particular, while the parties have entered into a Put Option Agreement in connection with the Acquisition, the exercise of that put option and execution of a binding Share Purchase Agreement to implement the Acquisition is subject to certain mandatory French works council consultation processes having been completed. Citigroup Global Markets Australia Pty Ltd and AFRY Capital are acting as financial advisers to Orora on the Acquisition. Baker McKenzie is acting as legal adviser to Orora in relation to the Acquisition and Equity Raising. Completion of the Acquisition is expected to occur in the last quarter of CY2023. Peter Ickeringill, Rick Troiano and Richard Lustig of Baker & McKenzie LLP acted as legal advisor to Orora Limited (ASX:ORA).Orora Limited (ASX:ORA) completed the acquisition of Olympe SAS on December 4, 2023. Bekanntmachung • Dec 04
Orora Limited Appoints Claude-Alain Tardy as Non-Executive Director The Board of Orora Limited announced the appointment of Claude-Alain Tardy as a non-executive director effective 4 December 2023. Claude-Alain's extensive international experience and track record in post-acquisition integration will be invaluable in light of the recently announced acquisition of Saverglass. Mr. Tardy brings a wealth of experience to Orora, with a career spanning 40 years with the Saint-Gobain Group in various senior management and executive positions across South America, Europe, the USA and Asia. Most recently, Claude-Alain held the position of CEO Construction Specialties, Saint-Gobain. Claude-Alain is currently a non-executive director of Outwork and Vestack. Bekanntmachung • Sep 07
Orora Limited (ASX : ORA) entered into arrangements for the acquisition of Saverglass SAS from The Carlyle Group Inc. and others for an enterprise value of AUD 2.2 billion. Orora Limited (ASX : ORA) entered into arrangements for the acquisition of Saverglass SAS from The Carlyle Group Inc. and others for an enterprise value of AUD 2.2 billion on September 5, 2023. Orora said it will fund this transaction via a fully underwritten equity raising of AUD 1.34 billion, consisting of AUD 450 million institutional placement and AUD 895 million 1-for-2.55 accelerated non-renounceable pro rata entitlement offer, combined with AUD 875 million of debt financing. Jean-Marc Arrambourg will lead Saverglass team. The deal is pending for regulatory approvals. Orora is expecting this transaction to complete in the last quarter of CY2023. The transaction is projected to be mid-single digit earnings per share accretive in the first full financial year of ownership Orora noted. Bekanntmachung • Sep 06
Orora Limited (ASX:ORA) agreed to acquire Olympe SAS for €1.3 billion. Orora Limited (ASX:ORA) agreed to acquire Olympe SAS for €1.3 billion on September 5, 2023. Completion of the Acquisition is conditional on certain matters taking place, some of which are beyond Orora’s direct control. In particular, while the parties have entered into a Put Option Agreement in connection with the Acquisition, the exercise of that put option and execution of a binding Share Purchase Agreement to implement the Acquisition is subject to certain mandatory French works council consultation processes having been completed. Citigroup Global Markets Australia Pty Ltd and AFRY Capital are acting as financial advisers to Orora on the Acquisition. Baker McKenzie is acting as legal adviser to Orora in relation to the Acquisition and Equity Raising. Completion of the Acquisition is expected to occur in the last quarter of CY2023. Bekanntmachung • Aug 31
Orora Confirms Talks to Buy Saverglass Australian packaging firm Orora Limited (ASX:ORA) confirmed on August 30, 2023 it was in advanced discussions regarding a potential acquisition of French high-end glass bottles manufacturer Saverglass SAS. "The negotiations will take some days to finalise due to a number of factors including the size and global nature of the target business," Orora said in a statement, while requesting a voluntary suspension of trading in its shares on the Australian bourse. Earlier this week, the Australian Financial Review (AFR) reported that Orora was in late-stage negotiations to acquire Saverglass, and that Citi and Macquarie Capital are advising the company on a AUD 1 billion ($646.5 million) capital raising to fund the deal. Shares of Orora were placed on a trading halt on August 28, 2023. The voluntary suspension would remain in place until earlier than commencement of trading on Sept. 1, 2023 or when Orora requests for the voluntary suspension otherwise be lifted, the company said. Bekanntmachung • Aug 30
Rothschild Reportedly on Board for Glass Sell-Off to Orora The Carlyle Group Inc. (NasdaqGS:CG) is understood to be working with Rothschild & Co SCA (ENXTPA:ROTH) on a sale of Saverglass, a $1 billion-plus European company that is poised to be offloaded to Orora Limited (ASX:ORA). Orora has tapped Citi and Macquarie Capital for an equity raise to fund the transaction, which was still believed to be subject to negotiation early on 28 August 2023. The packaging company remains in a trading halt, with Orora telling the market it was in talks regarding a material acquisition. An announcement is not expected until at least Tuesday. Saverglass has been on the market since 2021, when Rothschild was mandated to find a buyer. Private equity firm Lone Star was poised to snap up the business for a price believed to be valuing the business at about AUD 1.7 billion ($2.87 billion), sources say, but the deal did not eventuate. The sale process was shelved, and the company started testing interest again this year, according to reports. At that time, reports suggested it was generating AUD 130 million of annual earnings before interest, tax, depreciation and amortisation, projected to grow to up to AUD 190 million. Carlyle purchased a major controlling stake in France-based Saverglass from Astorg in 2016 for a price reports suggested was AUD 560 million. Bekanntmachung • Aug 18
Orora Limited, Annual General Meeting, Oct 19, 2023 Orora Limited, Annual General Meeting, Oct 19, 2023, at 10:30 AUS Eastern Standard Time. Agenda: To consider and adopt the Remuneration Report. Bekanntmachung • Aug 17
Orora Limited Declares Final Dividend for the Year Ended 30 June 2023, Payable on 9 October 2023 Orora Limited announced the final dividend for FY23 is 9.0 cps, a 0.5 cent or 5.9% increase on FY22. The full-year dividend of 17.5 cps represents a 6.1% increase from FY22 with a dividend payout ratio of 72.6%. The dividend is payable on 9 October 2023. Ex-dividend date for final dividend is on 1 September 2023. Record date is on 4 September 2023. Bekanntmachung • Jul 22
Orora Limited to Report Fiscal Year 2023 Results on Aug 17, 2023 Orora Limited announced that they will report fiscal year 2023 results on Aug 17, 2023 Bekanntmachung • Jan 31
Orora Limited to Report First Half, 2023 Results on Feb 16, 2023 Orora Limited announced that they will report first half, 2023 results on Feb 16, 2023 
