# Ardagh to acquire Consol Glass for R10 billion

The Competition Commission recommended approval of Ardagh's acquisition of Consol Glass for R10 billion, with conditions including a new employee share ownership program and investment in a new glass manufacturing facility.

- Type: Acquisition
- Announced: 2022-04-19
- Where: Johannesburg, South Africa
- Value: $670.0M (10.0B ZAR)
- Status: announced
- Products: glass packaging, beverage bottles, glass jars, metal packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Ardagh Group](https://endata.com/companies/2162.md) (acquirer)
- [Consol Glass](https://endata.com/companies/20458.md) (target)
- [Consol Group](https://endata.com/companies/62411.md) (target)

## Sources

- [stocks24.co.za](https://stocks24.co.za/2022/04/19/competition-commission-approves-r10-billion-consol-glass-acqusition/), 2022-04-19: "The Competition Commission has recommended that the Competition Tribunal approve the proposed acquisition of Consol Glass by private group, Ardagh, with certain conditions."
- [sustainabilitymea.com](https://www.sustainabilitymea.com/competition-commission-of-south-africa-green-lights-consol-buyout-by-ardagh-group/), 2022-04-21: "The Competition Commission of South Africa has recommended that the Competition Tribunal approve the proposed transaction of Consol’s Group’s acquisition by Ardagh Group after reaching a consensus."
- [glassonline.com](https://www.glassonline.com/ardagh-competition-commission-approves-consol-glass-acqusition/), 2022-04-21: "The Competition Commission is of the view that the proposed remedies or conditions adequately address the public interest concerns resulting from the proposed merger."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.