O-I has halted the sale of its Australia and NZ business in light of the Covid-19 pandemic.

In a financial note it said it had halted the review of the business for the time being and will continue to run the operations, which are performing well.

The world’s largest container glass manufacturer said: “As market conditions stabilise, the company will re-evaluate alternatives for ANZ.”

The Perrysburg, USA headquartered organisation added the company’s tactical divestiture programme continues to advance, but at a slower than anticipated pace