路透新闻部
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Feb 23 (Reuters) - Ardagh Group SA said on Tuesday it will spin off its metal packaging business through a merger with a listed blank-check firm backed by billionaire Alec Gores, in a deal that values the new company at $8.5 billion.
The deal with Gores Holdings V will provide a total infusion of $3.4 billion to the spun-off company, financed by a combination of $2.3 billion of new debt, $600 million from new investors and the capital raised in Gores Holding V’s initial public offering of shares last year.
Luxembourg-based global packaging group Ardagh operates 56 metal and glass production facilities in 12 countries, employing more than 16,000 people, according to its website.
By Reuters Staff
2 Min Read
FILE PHOTO: A beer garden manger attends to the mugs during the tapping of a barrel near Theresienwiese where Oktoberfest would have started today as COVID-19 continues in Munich, Germany, September 19, 2020. REUTERS/Andreas Gebert/Files
HAMBURG (Reuters) - German brewers have been forced to throw away unsold beer and have asked the government for financial aid as the coronavirus lockdown reduces demand, they said on Monday.
German pubs, hotels and restaurants have been closed since November in the country’s second lockdown following the first one earlier last year.
The brewers called on the German government to give beer breweries aid under the country’s programmes to help industry recover from the impact of the coronavirus crisis. Germany’s government has given financial aid to pubs and bars but not breweries.
By Reuters Staff
3 Min Read
SHANGHAI/BEIJING, Feb 18 (Reuters) - Shares of a Chinese power supplier surged this week after its board proposed inserting “Moutai” into its company name, in an apparent attempt to link it with the world’s most valuable liquor brand.
The practice - and the market reaction - highlight how such opportunism can be effective in a market heavily influenced by retail investors.
Xinyang Maojian Group Ltd’s shares jumped as much as 48% this week in Hong Kong after the company, which also sells wine, proposed changing its name to China Dragon Moutai Group Ltd to project “a more appropriate image and identity”.
Japanese drinks giant Kirin Holdings said it wanted to keep selling beer in Myanmar even after the recent coup prompted it to scrap its alliance with a joint venture partner linked to the Myanmar military.