09:41 AM EST, 12/04/2024 (MT Newswires) -- Crown Holdings ( CCK ) said Wednesday it expects to receive about $300 million in net cash proceeds from the sale of its remaining 20% stake in Eviosys to Sonoco Products ( SON ) .

Sonoco earlier said it had completed the acquisition of Eviosys from KPS Capital Partners.

Crown's Chief Financial Officer Kevin Clothier said the sale concludes the company's divestment of the European Tinplate business.