Ball Closes Sale of 41% Interest in Saudi Arabia Joint Venture; Retains 10% Ownership Stake

Rhea-AI Summary

Ball Corporation (NYSE: BALL) has finalized the sale of 41% of its stake in Ball United Arab Can Manufacturing Company (UAC), its Saudi Arabia joint venture, to ORG Technology Co., Ltd. for approximately $70 million. The transaction reduces Ball's ownership from 51% to 10% in UAC.

The strategic move deepens Ball's relationship with ORG, combining Ball's global can innovation and customer reach with ORG's regional execution and manufacturing capabilities. Following the sale, Ball has deconsolidated UAC while maintaining a strategic minority position, enhancing its flexibility for core growth investments and EVA® expansion.

Positive

• Sale generates approximately $70 million in proceeds
• Strategic partnership with ORG enhances regional execution capabilities
• Reduced ownership stake improves financial flexibility for core growth investments
• Maintains strategic presence in Middle East market through 10% ownership

Negative

• Reduction of controlling interest from 51% to 10% in Saudi Arabia operations
• Loss of consolidation benefits from UAC joint venture

News Market Reaction – BALL

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In the Aug 28 session, BALL declined 0.46%, reflecting a mild negative market reaction.

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WESTMINSTER, Colo., Aug. 27, 2025 /PRNewswire/ -- Ball Corporation (NYSE: BALL) today announced it has completed the sale of 41% of its 51% ownership interest in Ball United Arab Can Manufacturing Company (UAC), its consolidated joint venture in the Kingdom of Saudi Arabia, to a subsidiary of ORG Technology Co., Ltd. (ORG) for approximately USD $70 million, which is subject to customary closing adjustments. This transaction deepens the multi-year relationship with ORG and combines Ball's global can innovation and customer reach with ORG's regional execution and manufacturing scale. Upon closing, Ball deconsolidated UAC and retains a 10% ownership interest.

"Today's announcement reflects our continued focus on a disciplined, returns‑oriented portfolio," said Daniel W. Fisher, chairman and chief executive officer. "We are pleased to deepen our relationship with ORG and look forward to collaborating to better serve customers in the Kingdom of Saudi Arabia and across the broader Middle East. By streamlining ownership while maintaining a strategic minority position, we strengthen our flexibility to invest behind core growth, EVA® expansion, and long‑term value creation."

About Ball Corporation

Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Ball Corporation employs 16,000 people worldwide and reported 2024 net sales of $11.80 billion, which excludes the divested aerospace business. For more information, visit www.ball.com, or connect with us on LinkedIn or Instagram.

 

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SOURCE Ball Corporation

FAQ

How much did Ball Corporation (NYSE: BALL) sell its Saudi Arabia joint venture stake for?

Ball Corporation sold 41% of its stake in UAC for approximately $70 million, subject to customary closing adjustments.

What is Ball Corporation's remaining ownership stake in UAC after the sale?

Ball Corporation retains a 10% ownership stake in UAC, down from its previous 51% controlling interest.

Who purchased Ball Corporation's stake in the Saudi Arabia joint venture?

A subsidiary of ORG Technology Co., Ltd. (ORG) purchased the 41% stake in Ball United Arab Can Manufacturing Company.

What are the strategic benefits of Ball Corporation's UAC stake sale?

The sale enhances Ball's flexibility to invest in core growth and EVA® expansion while maintaining strategic presence through a minority position and strengthening partnership with ORG for better regional execution.

How will the UAC sale affect Ball Corporation's financial reporting?

Following the sale, Ball has deconsolidated UAC from its financial statements due to the reduction in ownership from 51% to 10%.