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Ardagh Group Commences Launch of Initial Public Offering

Published on Mar 7 2017 11:00 AM

Ardagh Group Commences Launch of Initial Public Offering

Ardagh Group SA has commenced an initial public offering, which it has filed with the U.S. Securities and Exchange Commission (the SEC), according to a statement it issued today (7 March).

The global metal and glass packaging solutions firm also outlined its plans to sell 16.2million Class A shares for $17 and $20 each. The underwriters have a 30-day option to purchase up to 2.430,000 additional Class A common shares from Ardagh.

Reportedly, Citigroup, Deutsche Bank Securities, Goldman Sachs & Co, Barclays, Credit Suisse and J.P. Morgan are acting as joint book-running managers for the offering. Davy and Wells Fargo Securities are acting as co-managers for the offering.

Ardagh Group specialise in metal and glass packaging solutions, producing packaging for the world's leading food, beverage and consumer brands and has global sales of approximately €7.7 billion.

© 2017 - Checkout Magazine by Donna Ahern

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