(Reuters) - Ball Corp (NYSE:BALL), the world's largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was looking to sell the unit for more than $5 billion.
The business has attracted the interest of large defense companies such as BAE Systems (OTC:BAESF) and Textron (NYSE:TXT), as well as private equity firms, the Reuters report had said.
There is no certainty that any formal decision will be made, Ball Corp said in a statement on Tuesday.
The divestment of the aerospace business, which accounted for 13% of Ball's consolidated net sales in 2022, would allow the company to focus more on its beverage packaging operations and trim its debt pile of about $9.7 billion.