Ardagh plans late 2013 float

Paul Coulson's stake in Ardagh Group could be valued at over €500 million under the glass and metal packaging firm's plan to float in the US in the last quarter of 2013.

20th January, 2013
Paul Coulson's packaging group Ardagh is valued at €6 billion. Photo: Tony O'Shea

Paul Coulson's stake in Ardagh Group could be valued at more than €500 million under the glass and metal packaging firm's plan to float in the US in the last quarter of the year.

Market sources said that current valuations being achieved in the packaging sector would value the total company at between €5.5 billion and €6 billion.

When debt of about €4.5 billion is factored in, the equity would be in the region of...

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