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

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.

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