Smurfit Kappa (GB:SKG) has released an update.
BlackRock, Inc. has reduced its stake in Smurfit Kappa Group PLC, with total holdings now below 5% and voting rights below 3%. The notification, dated July 3, 2024, marks a significant change from the previous position where BlackRock held a combined total of over 9% in voting rights and shares. This move could potentially signal changes in investor confidence or strategic shifts within one of the investment firm’s portfolios.
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