Ardagh planning for US IPO in mid-2015 following previously unrealized IPO endeavors

Aimee Bellah

Aimee Bellah

LOS ANGELES , May 30, 2014 () – Luxembourg-based glass bottle producer Ardagh Group SA has resurrected plans to complete an initial public offering (IPO) in the U.S., this time in mid-2015, following previously unrealized IPO endeavors, Reuters reported on May 28.

The company originally planned to complete an IPO in the third quarter of 2011, but ultimately postponed it. A year later, when it had purchased U.S.-based Anchor Glass Container Corp. for US$880M, the company reaffirmed its interest in a US float.

On the heels of its most recent acquisition in April of glass manufacturer Verallia North America from Saint-Gobain SA, the company has placed itself in a similar position for an IPO, Reuters noted.

Back in March of this year, the company said it had been considering a US$500M pre-IPO convertible bond issuance that would have been privately placed, aiming to list the bonds as equity rather than debt.

The primary source of this article is Reuters, New York, New York, on May 28, 2014. Click here to view the primary source’s version of the article.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.