Ardagh’s R10bn acquisition of Consol gets green light

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Competition authorities emphasise Luxembourg-based group’s responsibility to finalise SA company’s planned the glass manufacturing facility

The Competition Tribunal has approved the acquisition of Consol Holdings by Luxembourg-based Ardagh Group, with empowerment and investment conditions.

In November 2021, glass jars and metal packager Ardagh offered R10.1bn to acquire the local manufacturer and supplier of glass packaging for the food, beverage, pharmaceuticals and cosmetics industries Consol...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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