Bringing glass to a global market

Ardagh Glass is poised to float on the New York Stock Exchange and, if the move goes to plan, it will transform its main shareholder, Paul Coulson, from one of Ireland’s richest men into the realms of mega wealthy, writes Kyran Fitzgerald

IN THE autumn, Ardagh Glass, an international glass manufacturer, will float on the New York Stock Exchange, if everything goes according to plan.

A completed initial public offering would value Ardagh at somewhere in the range of €2 billion to €3bn and would catapult Paul Coulson, effective owner of a 34% stake in the company, into the top ranks of Irish paper billionaires.