Smurfit slumps as Goldman said to place 3% stake
Smurfit Kappa slumped on Thursday on news that one of its shareholders was selling 7 million shares of the corrugated packaging company.
FTSE 100
8,060.61
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
General Industrials
7,617.25
15:44 15/11/24
0.41%
31.16
Smurfit Westrock (DI)
4,017.00p
15:45 15/11/24
1.59%
63.00p
According to Bloomberg, Goldman Sachs has placed a stake of about 3% in Smurfit.
At 1550 BST, the shares were down 4.1% at 2,210p.
Smurfit rallied on Wednesday after peer Mondi told its customers that prices of recycled containerboard and kraft top liner will be increased by 60 euros a tonne in June-July. Mondi said this was "driven by continued reduction of stock levels and rising market demand".