Ball Corp. looking into sale of aerospace unit for over $5B, Reuters says

Ball Corp is looking into a sale of its aerospace hardware unit for over $5B, Reuters’ David Carnevali and Mike Stone report, citing people familiar with the matter. The divestment of the unit, which accounted for 13% of Ball‘s consolidated revenue in 2022, would allow the company to focus more on its beverage packaging operations and cut down its debt pile of roughly $9.7B, the authors say. Shares of Ball Corp. are up 5.8% in afternoon trading.