Bank of America Adjusts Stake in Smurfit Kappa

Smurfit Kappa (GB:SKG) has released an update.

Bank of America Corporation has reported a change in its holdings in Smurfit Kappa Group PLC, crossing the threshold with new total voting rights of 6.645%. The notification, dated July 3, 2024, indicates both an acquisition and disposal of voting rights and financial instruments, resulting in a combined direct and indirect ownership that exceeds the 3% threshold. This movement reflects changes in Bank of America’s investment strategy and may interest shareholders and prospective investors in the market dynamics of Smurfit Kappa’s stock.

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