Luxembourg court blocks Ardagh from selling Ardagh Metal Packaging stake
A Luxembourg district court summary judge has issued an order prohibiting Ardagh Holdings S.A. from proceeding with the sale of all or part of its interests in Ardagh Metal Packaging S.A. The order followed an ex parte application by minority holders of ARD Finance S.A.'s senior secured toggle notes due 2027. Ardagh Holdings says the application is without merit and has applied to have the order withdrawn.
Why this mattersThe injunction halts a planned sale of Ardagh's listed can-making arm, leaving bondholder claims to determine whether the transaction can proceed.
- Order issued by a summary judge of the district court of Luxembourg against Ardagh Holdings S.A. (AHSA)
- Order prohibits AHSA from currently proceeding with sale of all or part of its interests in Ardagh Metal Packaging S.A.
- Application brought unilaterally (ex parte) by minority holders of ARD Finance S.A.'s senior secured toggle notes due 2027
- ARD Finance S.A. was a parent of Ardagh Group S.A. before its recapitalisation completed in November 2025
- AHSA is challenging the order and has applied for its withdrawal
- Ardagh Metal Packaging reported $5.5 billion sales in 2025 from 23 facilities in nine countries