acf/google-ad-placement

<ul>
	<li>O-I Glass Inc&nbsp;OI agreed<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/12/g24778053/o-i-glass-sells-cristar-tableware-business-as-part-of-its-ongoing-portfolio-optimization-program" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;to sell Cristar TableTop S.A.S.</a>&nbsp;to Vidros Colombia S.A.S, an affiliate of Brazil-based tableware producer Nadir Figueiredo S.A.</li>
	<li>The company expects the sale to generate gross proceeds of $95 million and close during the first half of 2022.</li>
	<li>The sale of Cristar is consistent with O-I&#39;s ongoing portfolio optimization program to exit non-core operations and further advance its core business.</li>
	<li>Outlook: O-I Glass affirmed its&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/10/g23543926/o-i-glass-reports-strong-third-quarter-2021-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">previously communicated</a>&nbsp;business outlook, including Q4 adjusted EPS of $0.30 - $0.35 (at October 22, 2021 currency exchange rates).</li>
	<li>Price Action:&nbsp;OI shares closed lower by 0.43% $11.54 on Thursday.</li>
</ul>

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O-I Glass Agrees To Sell Cristar Tableware Business - O-I Glass (NYSE:OI)

Shivani Kumaresan

O-I Glass

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O-I Glass Agrees To Sell Cristar Tableware Business

O-I Glass Inc

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