Ardagh Holdings S.A. (AHSA) has engaged advisers to explore a potential sale of its Ardagh Metal Packaging (AMP) business, marking a review of one of the group’s principal operations.
The proposed process could involve the sale of part or all of AHSA’s indirect equity interests in AMP to a third-party purchaser.
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It could also include AHSA acquiring the AMP ordinary shares it does not currently own, enabling the sale of the entire equity interest in AMP to a buyer.
Evercore International Partners is AHSA’s financial adviser while Kirkland & Ellis International is serving as lead legal adviser.
Any decision to proceed, including the terms, timing and choice of counterparty, would require approval from AHSA’s board.
AHSA has not established a deadline or fixed timetable for the process.
It also stressed there is no certainty that the review will lead to a transaction.
The company does not plan to provide further updates unless its board approves a defined course of action or it determines that additional disclosure is appropriate or required.
AMP supplies metal beverage cans to brand owners in Europe and the Americas.
The business operates 23 production facilities in nine countries and employs approximately 6,500 people. Its sales were $5.5bn in 2025.
In July, Ardagh Group, of which AHSA is the parent company, released its 2025 sustainability report.
That report said the metal packaging business had reduced its Scope 1 and 2 emissions by 16% from 2020 levels and that all AMP production sites had achieved 100% Zero Waste to Landfill.
