Smurfit Kappa (GB:SKG) has released an update.
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Investment giant BlackRock, Inc. has adjusted its stake in Smurfit Kappa Group PLC, with its voting rights now below the 8% threshold. The change occurred on June 26, 2024, with BlackRock’s total voting rights reaching 9.04%, combining direct and via financial instruments, after the disposal of shares and adjustments in financial instruments like American Depository Receipts and Contracts for Difference (CFDs). This notification is in compliance with market transparency rules and indicates a significant change in BlackRock’s investment in the packaging company.
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