Rexam to Get Up to 350 Million Pounds From Unit Sale, Times Says

Rexam Plc (REX), a maker of drinks cans and packaging materials, is likely to announce the sale of its plastics division this week, the Sunday Times reported, citing analysts.

Rexam may get as much as 350 million pounds ($554 million) from the sale, according to research by Bank of America Merrill Lynch, the newspaper said.

To contact the reporter on this story: Katie Linsell in London at klinsell@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net