The European Commission has awarded Amcor Ltd. approval to go ahead with its purchase of Rio Tinto's Alcan packaging arm, in a deal which will cost the former $US2 Billion ($A2.19 Billion), after agreeing to sell a packing operation it owns in Spain.

Under the condition of approval, Amcor will now be selling its two packaging plants in Tobepal, Spain, which together boast sales of nearly 110 Million Euros.

Amcor will finally be able to go ahead and buy Alcan Packaging from Rio Tinto Plc. Receiving the go ahead from European Commission was an important step towards this acquisition, according to Amcor Managing Director And Chief Executive, Ken MacKenzie. The combined Amcor and Alcan Packaging businesses in Europe currently have sales of approximately $US4.8 billion ($A5.24 billion) in 75 plants.