Key points
- Orora's Saverglass office in France visited by French Competition Authority
- Authority reviewing potentially anticompetitive practices in French beverage glass container industry
- Orora's Saverglass business cooperating with the authority
Full summary
Orora Ltd (ASX:ORA) has advised that its Saverglass office in France has been visited by the French Competition Authority (Autorité de la Concurrence). At this stage, Orora understands that the French Competition Authority is reviewing potentially anticompetitive practices allegedly engaged in by participants in the French beverage glass container industry in the period prior to Orora's acquisition of Saverglass. Orora's Saverglass business is cooperating with the French Competition Authority's investigation. The announcement was authorized for release to the ASX by Orora's Board of Directors. Orora is a leading manufacturer and distributor of sustainable, innovative packaging for customers across the world, listed on the ASX and headquartered in Melbourne, Australia. The company is focused on designing and delivering products and services that enable its customers' brands to thrive, with millions of consumers buying and using goods in packaging proudly designed, developed, manufactured or distributed by Orora.