Ardagh Group S.A. acquires Consol Holdings Proprietary Limited.

M2 EQUITYBITES-November 26, 2021-Ardagh Group S.A. acquires Consol Holdings Proprietary Limited


Packaging company Ardagh Group S.A. on Friday launched an agreement to acquire Consol Holdings Proprietary Limited for an equity value of ZAR10.1bn.

Headquartered in Johannesburg, and founded in 1946, Consol is the market leader in South Africa, operating four well-invested glass production facilities. It serves a broad range of leading international, regional and domestic customers, principally in the beer, wine, spirits, food and non-alcoholic beverage sectors. In the year to 30 June 2021, it reported consolidated revenues of ZAR9.0bn.

South Africa reportedly represented approximately 90% of revenues, with the balance represented by...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT