Funeral for legendary actors’ agent; CRH chief’s home renovations troubles; Phil Hogan joins Irish lobbying register; a financial blow for the IRFU, and a tough job at RTÉ
Ardagh Group
Declines follow Ardagh’s deal with the debt solutions company to buy out some of the group’s riskiest bonds
Companies also agree plan to mop up some risky bonds as S&P moved earlier this month to downgrade company on account of $12bn debt burden
Packaging group’s riskiest bonds are currently trade at as low as 27 cents on the dollar
O-I Glass appointment will see three of the world’s largest packaging groups under the influence of Irishmen
A holding company at top of Paul Coulson’s packaging empire had $11.6 billion of borrowings as of September
Ardagh and Ontario Teachers’ Pension Plan Board are working with advisers to prepare Trivium for possible auction
Paul Coulson has handed the reins to new chair Herman Troskie, but Ardagh’s €10.7bn debt pile means he can’t sit back and take it easy just yet
Analysts also flag risks to packaging producers such as Paul Coulson’s Ardagh Metal Packaging
Executive has been chairman of the glass and metal containers giant since 1998
Revenue up marginally while EBITDA increases by 10% compared to a year ago
Share price slump of beverage can marker since it floated two years ago leaves its dividend yield at eyewatering 11%
Business Today: the best news, analysis and comment from The Irish Times business desk
Paul Coulson takes advantage of a rally in market value
YOU MAY ALSO LIKE...
How does a post-Brexit world shape the identity and relationship of these islands
Inquests into the nightclub fire that led to the deaths of 48 people
Weddings, Births, Deaths and other family notices