Rexam may sell beverages arm

BRITISH can maker Rexam has appointed Barclays Capital to sell its beverage and specialties arm in a deal that could be worth £200m.

Final bids for the business, which makes lids for drink and food containers, are expected this week.

A Rexam spokesman said that the company was considering options for the unit.

Shares in the company closed at 356.6p on Friday, valuing it at about £3.1bn pounds.

Bankers have long said Rexam is an attractive takeover target.