Ardagh has emerged as one of the final contenders to purchase the Australian and NZ division of O-I, reports The Australian.

While second-round bids are due around December 16 in the Goldman Sachs-run contest to acquire the division, the situation is said to be fluid, with a third round added to the competition that will see final bids due in the new year.

Many are taking the fact that three rounds exist for the process as a signal that strong competition exists for O-I’s Australian and New Zealand operations.

Full story The Australian