Once part of the Quinn business empire, Fermanagh-based Mannok is set to join a business controlled by one of Turkey's wealthiest families – and return its US owners a comfortable exit.
David Wall is taking over as the executive chairman of the packaging business set up by a former Digicel CEO.
The proposed $25.5 billion share capital reduction is to facilitate share buybacks and dividend payments to shareholders in the wake of Smurfit Kappa tying the knot with US rival Westrock last week.
Asset tracking firm Tracworx is currently working on trials with four major international companies, while it has just raised €2m from a host of well-known VCs and angel investors. Its founders lay out their plans.
The Ardagh Group has been a master of debt. Walking a fine line, it has borrowed and spent its way to the top of its industry. Now the time has come for Ardagh to de-lever, so its owners can have their long-awaited stock market payday.
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