Sphere Holding’s and Standard Bank Corporate and Investment Banking celebrate the successful close of the sale of Consol Holdings to Ardagh Group

Standard Bank Corporate and Investment Banking and Sphere Holdings celebrate the successful close of the sale of Consol Holdings to Ardagh Group, a leading global supplier of infinitely recyclable, sustainable metal and glass packaging for brand owners around the world. 

The transaction also caps a successful funding partnership between Sphere and the StandardBank Corporate and Investment Banking when in 2017 Sphere became a significant minority shareholder in Consol. The partnership has resulted in substantial value creation for both Sphere and Standard Bank, providing evidence of the partners’ commitment tosustainable deal structuring and risk reward sharing.

Itumeleng Kgaboesele, CEO, Sphere Holdings: “This is exactly the kind of opportunity-driven investment that Sphere seeks; one in which we can play an active role in supporting and adding value to management teams, and one that creates and delivers value for funders, shareholders and business partners. We wish Ardagh Group, and its new management team every success for the future.”

SCAM ALERT!

In the context of alarming increases in general cyber fraud and digital scams we would like to note the following: Sphere Holdings is an investment holding company. The nature of our business implies that we do not engage in or offer promotional campaigns, cryptocurrency or any other investments and/or financial services or products or advice aimed at the public or individual investors. Any approach of this nature – especially via social media – by any party assuming the Sphere Holdings’ name or the names of our executives and soliciting money or personal information should be regarded with extreme caution. Prior to investing always seek independent legal or financial advice from an accredited financial advisor who is registered with the Financial Sector Conduct Authority (FSCA).