Metro Performance Glass recapitalisation plan hands control to Amari Metals

Metro Performance Glass has agreed a deal with Amari Metals for the latter to take a 51% stake in the company following its proposed recapitalisation. (Image: NZME)

Gregor Thompson

Mon, 11 Aug 2025

Metro Performance Glass has released the terms of a proposed recapitalisation that would give Amari Metals a controlling stake.On Monday, the glass supplier unveiled its plan to shore up its finances and secure new banking facilities after an independent report concluded there were “no viable alternatives”. The equity raise combines an $8.9 million pro-rata rights offer with an additional placement to Amari Metals of up to $15m.Metro has agreed a deal with Amari for the latter to take a 51% stake in the company following its pr...

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