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Smurfit Kappa Group (SKG)

Share Price:
Up 2,736.00p
Change Today:
Market Cap:

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 2,736.00p
Change Today 18.00p
52 Week High 2,966.00p
52 Week Low 2,096.00p
Volume 290,802
Shares Issued 237.89m
Market Cap 6,509m


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  Interim Final
Ex-Div 26-Sep-19 11-Apr-19
Paid 25-Oct-19 10-May-19
Amount 27.90¢ 72.20¢