Amcor to spin off Aust packaging arm

Group will demerge Australasia and Packaging Distribution operation, list it on ASX.

Amcor is spinning off its Australian packaging arm and will list it on the Australian Securities Exchange, saying the move will "allow each company to better pursue their own growth agendas and strategic priorities".

Chris Roberts will be made chairman of the demerged Australasia and Packaging Distribution (AAPD) business.

Nigel Garrard, the president of AAPD, will be made chief executive.

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