Luxembourg Court Halts Sale of Ardagh Metal Packaging Unit
A Luxembourg district court has temporarily halted the sale process for Ardagh Metal Packaging (AMP), a key unit within the Ardagh Group. The order was issued following an ex parte request by minority investors holding senior secured toggle notes from ARD Finance, which previously owned Ardagh before its recapitalization in 2025. Ardagh Holdings SA had recently appointed Evercore International Partners and Kirkland & Ellis as financial and legal advisers to explore a potential sale of AMP. The company has strongly contested the court's decision, stating it will challenge the order and seek its withdrawal. Ardagh Metal Packaging operates in nine countries with 23 production sites and reported $5.5 billion in sales in 2025. The broader Ardagh Group owns 58 packaging plants across 16 countries, employs around 20,000 people, and generated total sales of $9.6 billion.
Topics: asset_sale_halt court_order minority_investor_dispute