Ardagh Holdings explores sale of Ardagh Metal Packaging, files amended Schedule 13D
AMBP•Potential services agreement impact and replacement costs
A change of control is expected to end all or part of a services agreement.
Standalone replacement costs are estimated at about $30 million annually.
Ardagh Holdings explores sale of stake in Ardagh Metal Packaging
Ardagh Holdings launched preparations for a potential sale of its stake in Ardagh Metal Packaging to a third-party buyer.
The process could include buying the ordinary shares it does not already own to enable a sale of 100% of the equity.
Evercore was appointed financial adviser, and Kirkland & Ellis was named lead legal adviser.
No deadline was set. Any deal depends on Ardagh Holdings board sign-off, and the outcome remains uncertain.
