{"id":661,"date":"2024-07-08T06:31:54","date_gmt":"2024-07-08T10:31:54","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=661"},"modified":"2024-07-08T06:31:54","modified_gmt":"2024-07-08T10:31:54","slug":"smurfit-kappa-announces-merger-deal-with-westrock-to-take-effect","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=661","title":{"rendered":"Smurfit Kappa announces merger deal with WestRock to take effect"},"content":{"rendered":"


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Smurfit Kappa shareholders will hold a majority stake in the entity. Credit: Baloncici via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Smurfit Kappa, a sustainable packaging company, has announced that its merger deal has taken effect with folding paperboard box manufacturer Westrock<\/a>.\u00a0<\/p>\n

This implies that Smurfit Kappa\u2019s shares have been delisted from the premium segment of the Financial Conduct Authority\u2019s official list and the official list of Euronext Dublin. \u00a0<\/p>\n

The delisting comes after the shareholders of Westrock gave their approval<\/a> for the proposed merger with Smurfit Kappa last month.\u00a0<\/p>\n

The companies initially entered into an agreement<\/a> for the merger in September last year, resulting in the establishment of a new entity, Smurfit WestRock.\u00a0<\/p>\n

Smurfit WestRock has now switched to the New York Stock Exchange (NYSE) and has also started trading on the London Stock Exchange\u2019s main market for listed securities.\u00a0<\/p>\n

Smurfit Kappa shareholders own approximately 50.4% and WestRock shareholders hold the remaining 49.6% of the entity.\u00a0<\/p>\n

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