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Smurfit Kappa Group (SKG)

Share Price:
Down 2,830.00p
Change Today:
-34.00p
Market Cap:
6,732m

Smurfit slumps as Goldman said to place 3% stake

23 May 19

LONDON (ShareCast) - (Sharecast News) - Smurfit Kappa slumped on Thursday on news that one of its shareholders was selling 7 million shares of the corrugated packaging company.
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".



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Market Data

Currency UK Pounds
Price 2,830.00p
Change Today -34.00p
52 Week High 3,010.00p
52 Week Low 2,096.00p
Volume 242,414
Shares Issued 237.90m
Market Cap 6,732m

Dividends

  Latest Previous
  Final Interim
Ex-Div 16-Apr-20 26-Sep-19
Paid 15-May-20 25-Oct-19
Amount 80.90¢ 27.90¢