The metal packaging business of Ardagh Group went public via a SPAC merger with Gores Holdings V in a $3.4bn deal.

The metal packaging business of Ardagh Group, a global supplier of infinitely-recyclable metal beverage and glass packaging, went public via a SPAC merger with Gores Holdings V, a SPAC managed by Gores Group, a global private equity firm, in a $3.4bn deal. "We are delighted to partner with Gores Holdings V to create a NYSE-listed pure-play beverage can business of scale with impeccable ESG credentials, and we intend to remain a committed, long-term majority shareholder of AMP as it continues its growth journey," Paul Coulson, Ardagh Chairman and CEO.