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Ardagh to buy Fi Par

IRISH-BACKED glass and packaging group Ardagh is to purchase a smaller rival in Italy in a deal valued at about €125m.

The company, which supplies bottles to Heineken and tins to John West, said it had agreed to buy Italian manufacturer Finanziaria di Partecipazioni Industriali (Fi Par) which had revenues of about €150m in 2010 and employed 440 people.