The Ardagh Group floated on the New York Stock Exchange in March, raising €290 million in its New York IPO. Joe Brennan of the Irish Times reported 12 April that Davy analysts have said Spanish glass container maker Vidrala and Swiss peer Vetropack may emerge as takeover targets for the group. “The European glass sector in particular remains relatively fragmented, with the top three players – Verallia, Owens-Illinois and Ardagh – controlling 57% of the market,” said the Davy analysts, including Flor O’Donoghue and Barry Dixon. “There are a number of players with single-digit percentage market shares, including Vidrala (9%) and Vetropack (6%), which could prove potentially interesting deals for Ardagh.” To read more, please visit the Irish Times link above.
