Ardagh - comment

Ardagh secured a legal victory in the dispute over its planned AMP sale, with a Luxembourg court withdrawing the injunction that had prevented Ardagh Holdings from proceeding with the planned disposal. The order was originally obtained ex parte by minority holders of ARD Finance’s 2027 Senior Secured Toggle Notes, blocking a key value-realisation catalyst in the post-restructuring story. 
For Glas creditors, the ruling reopens the route to a potential AMP sale and the associated cash proceeds. Ardagh can now re-engage advisers and resume preparations for a potential disposal, although no transaction has been agreed.