Wednesday 21 March 2018

The sparkle has come off Paul Coulson's glass bottle and tin can maker Ardagh over the last year as investors got scared over highly leveraged companies.

Paris-based financier Coulson (63) turned Ardagh from a tiny company listed on the Irish stock market to one of the world's biggest industrial companies through a series of audacious and debt-fuelled buyouts.

Ardagh had planned to float its €2.4bn Oressa metals division last year, but the stock markets cratered at the wrong time. The rest of the glass bottle business is performing well, but there is €4.7bn in debt.

Dubliner Coulson, a trustee of Fine Gael, owns a sumptuous pad on Shrewsbury Road as well as a valuable 18th century townhouse in Paris. There's also talk of a superyacht.

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