Smurfit Kappa GrpPLC Tender Offer
14 Marzo 2019 - 8:43AM
UK Regulatory
TIDMSKG
Smurfit Kappa Announces Intention to Launch a Tender Offer to
Acquire the Minority Shares in Cartón de Colombia S.A.
SKG:IDSKG: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
EUR90 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 Jonathan Neilan/Melanie Farrell
Smurfit Kappa Group FTI Consulting
T: +353 1 202 7180 T: +353 1 765 0800
E: ir@smurfitkappa.com E: smurfitkappa@fticonsulting.com
About Smurfit KappaSmurfit 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 EUR8.9 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 CartónCartón 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 micrositeopenthefuture.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/
This information is provided by Business Wire
(END) Dow Jones Newswires
March 14, 2019 10:43 ET (14:43 GMT)
Smurfit Kappa (LSE:SKG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Smurfit Kappa (LSE:SKG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024