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Orora Limited

( ASX:ORA ) - ASX200 Materials

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Orora Soars On The Back Of Nippon Paper Sale

Back in August, shares in packaging group Orora fell 17% after revealing weak earnings for 2018-19 and a weak outlook. Yesterday, the company got most of that back when it revealed it had sold a part of its Australian operations to a Japanese company for a gross $1.7 billion, with news that most of the money will go back to shareholders in some sort of capital management.

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