REG-Smurfit Kappa Group PLC Tender Offer

Smurfit KappaAnnouncement

14/03/2019 14:45

      Tender Offer
    

    

    

      Smurfit Kappa Announces Intention to Launch a Tender Offer to Acquire 
      the Minority Shares in Cartón de Colombia S.A.
    

      SKG:ID SKG:LN
    

      Smurfit Kappa Group plc (‘SKG’ or the “Group”), one of the world's 
      largest integrated manufacturers of paper-based packaging products with 
      operations in Europe and the Americas, is pleased to announce that it 
      intends, subject to the approval of the Superintendencia Financiera de 
      Colombia, to launch a tender offer to acquire the minority shares in 
      Cartón de Colombia S.A. ("Cartón") (the "Transaction") for cash. Smurfit 
      Kappa currently holds 69.94% of the shares in Cartón.
    

      Certain minority shareholders of Cartón, who hold approximately 15.54% 
      of the shares in Cartón have entered agreements with Smurfit Kappa to 
      tender their shares into the Transaction once launched.
    

      The consideration payable under the Transaction, if all the minority 
      shares are tendered, will amount to approximately EUR €90 million and 
      will be funded from the Group's existing cash resources. It is expected 
      that the Transaction will complete in the second quarter, subject to 
      customary completion conditions and adjustments and regulatory approval.
    

      ENDS
    

      

        

          Contact
        
      
      

        

          

            Garrett Quinn
          
          

            Smurfit Kappa Group
          
          

             
          
          

            T: +353 1 202 7180
          
          

            E: ir@smurfitkappa.com
          
        
        

           
        
        

          

            Jonathan Neilan/Melanie Farrell
          
          

            FTI Consulting
          
          

             
          
          

            T: +353 1 765 0800
          
          

            E: smurfitkappa@fticonsulting.com
          
        
      
    

      About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is 
      one of the leading providers of paper-based packaging solutions in the 
      world, with around 46,000 employees in approximately 350 production 
      sites across 35 countries and with revenue of €8.9 billion in 2018. We 
      are located in 23 countries in Europe, and 12 in the Americas. We are 
      the only large-scale pan-regional player in Latin America.
    

      With our pro-active team, we relentlessly use our extensive experience 
      and expertise, supported by our scale, to open up opportunities for our 
      customers. We collaborate with forward-thinking customers by sharing 
      superior product knowledge, market understanding and insights in 
      packaging trends to ensure business success in their markets. We have an 
      unrivalled portfolio of paper-packaging solutions, which is constantly 
      updated with our market-leading innovations. This is enhanced through 
      the benefits of our integration, with optimal paper design, logistics, 
      timeliness of service, and our packaging plants sourcing most of their 
      raw materials from our own paper mills.
    

      Our products, which are 100% renewable and produced sustainably, improve 
      the environmental footprint of our customers.
    

      About Cartón
Cartón produces and sells virgin fibre pulp and 
      packaging products in Colombia. The company also sells corrugated boxes 
      and paper sacks; and printing and writing papers. In addition, it is 
      involved in the recycling of boxes and used papers; reforestation 
      activities; and production and marketing of pine and eucalyptus 
      seedlings. The company is based in Yumbo, Colombia. Shares of Cartón are 
      listed on the Bolsa de Valores de Colombia. Smurfit Kappa currently 
      holds 69.94% of the shares in Cartón.
    

      Check out our microsite openthefuture.info. 
      Follow us on Twitter at @smurfitkappa 
      and on LinkedIn at 'Smurfit 
      Kappa’.
smurfitkappa.com
    

    
View source version on businesswire.com: https://www.businesswire.com/news/home/20190314005546/en/

      Smurfit Kappa Group PLC