Drink cans maker Ardagh Metal Packaging emerged as the jewel in the crown of Ardagh Group as it went about restructuring its debt. Photograph: iStock
Ardagh Metal Packaging (AMP) has raised its full-year profit outlook for the third time this year, underscoring how the business became entangled in a control struggle as its heavily-indebted parent, Ardagh Group, negotiated a debt restructuring plan with bondholders earlier in the year.
The New York-listed company, in which Ardagh Group owns a 76 per cent stake, said on Thursday that it now expects earnings before
Continue Reading on The Irish Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.