Shearman & Sterling advised Ardagh on its offer to exchange all outstanding Class A common shares of Ardagh Group S.A. (AGSA) for shares of Ardagh Metal Packaging S.A. (AMPSA) held by AGSA. The offer was registered on Form F-4 and conducted under Rule 13e-4 under the Securities Exchange Act of 1934, as amended (Exchange Act).

In light of the successful completion of the exchange offer, AGSA voluntarily delisted its Class A common shares from the New York Stock Exchange (NYSE) and initiated the process for their deregistration and the suspension of reporting obligations under the Exchange Act. AMPSA’s shares are listed on the NYSE under the symbol “AMBP.”

AGSA is a global supplier of infinitely-recyclable metal and glass packaging for the world’s leading brands. AGSA operates 57 metal and glass production facilities in 12 countries, employing more than 16,000 people with sales of approximately $7 billion.

AMPSA is a leading global supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. A subsidiary of AGSA’s sustainable packaging business, AMPSA is a leading industry player across Europe and the Americas with innovative production capabilities. AMPSA operates 23 production facilities in nine countries, employing close to 5,000 employees and had sales of approximately $3.5 billion in 2020.

The Shearman & Sterling team below included associate Corinne McCrum (New York–Capital Markets).

The Team