Friday 28 October 2016

Coulson closes on €3bn deal


Packaging giant Ardagh, which is controlled by Dublin financier Paul Coulson, is edging closer to what would be its biggest ever acquisition - a €3bn purchase of a unit being sold by French industrial giant Saint Gobain.

Saint Gobain has effectively had its Verallia glass-packaging unit up for sale for months, with Ardagh and international private equity giants among those in the running to buy it.

It's been speculated that the deal could be worth as much as €3bn.

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