Ardagh Group SA (ARD), the global packaging group, is considering listing its beverage can business via a deal with blank-check company Gores Holdings V Inc. (GRSV), people familiar with the matter said.
Update(s):
February 23, 2021: Ardagh Group S.A. (ARD), a global supplier of infinitely-recyclable metal beverage and glass packaging for the world’s leading brands, and Gores Holdings V, Inc. (GRSV), a special purpose acquisition company sponsored by an affiliate of The Gores Group, today announced that they have entered into a definitive business combination agreement under which Gores Holdings V will combine with Ardagh’s metal packaging business that will be held by Ardagh Metal Packaging S.A. to create an independent public company.