Industry News, Printers News

Smurfit Kappa to Launch Tender Offer to Acquire Minority Shares in Cartón de Colombia S.A.

Smurfit Kappa currently holds 69.94% of the shares in Cartón.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Smurfit Kappa Group plc announced 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. 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 pa...

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