Smurfit Kappa down on potential deal with WestRock

WestRock Co

07/09/2023 10:11

** London-listed shares of Smurfit Kappa  SKG.L  down 2% at
3,148p 
    ** Co in talks to merge with U.S. rival WestRock  WRK.N  in
a tie-up of two of the world's largest paper and packaging
producers
    ** Combined entity to be named Smurfit WestRock and
domiciled in Ireland with its global headquarters in Dublin
    ** Co yet to disclose possible financial terms
    ** Entity to be listed on NYSE
    ** Co's peer Mondi  MNDI.L  up 1.35% in morning trade
    ** Up to Wednesday's close, SKG up ~5% YTD


    
   

 (Reporting by Radhika Anilkumar in Bengaluru;)
 ((Radhika.Anilkumar@thomsonreuters.com;))