Ardagh Metal Packaging S.A. supplies sustainable, infinitely recyclable metal beverage cans and ends to brand owners in Europe and the Americas. Its products serve beverage categories including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters and wine.
Company news commonly covers quarterly and annual results, shipment and product-mix trends, regional performance, production-capacity commentary, supplemental company information and board-declared quarterly interim dividends on ordinary shares. Updates also reflect its role as an operating business of Ardagh Group within sustainable packaging.
Ardagh Group S.A. (NYSE: ARD) has announced an exchange offer to acquire all outstanding Class A Common Shares (AGSA Shares) in exchange for 2.5 Ardagh Metal Packaging S.A. (NYSE: AMBP) shares. The offer will start on September 7, 2021, following AMPSA's recent listing on the New York Stock Exchange. Once concluded, AGSA intends to delist its shares and deregister under the Securities Exchange Act, streamlining operations between the two entities. Completion of the offer hinges on a minimum of 60% of AGSA Shares being tendered.
On July 29, 2021, Ardagh Metal Packaging S.A. (AMP) reported a revenue increase of 19% for Q2 2021, reaching $991 million, driven by growth in the Americas (21%) and Europe (17%). Adjusted EBITDA rose 24% to $173 million. Year-to-date revenue of $1.93 billion showed a 16% increase. The company announced it would soon execute a new $300 million ABL facility, adding to $600 million cash on hand. Despite a cyber security incident impacting $15 million, production remained stable. AMP's business combination with Gores Holdings V is set for vote on August 3, 2021, with shares trading under ticker AMBP from August 5, 2021.