Capital Group Reduces Stake in Smurfit Kappa

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

Capital Group Companies, Inc. has decreased its stake in Smurfit Kappa Group PLC below the 3% threshold, reflecting a change in major holdings, with a resulting aggregate voting power of 4.29%. The reduction in stake by the investment firm, which manages a vast portfolio of mutual funds and serves high net worth clients, signifies a notable shift in their investment strategy regarding Smurfit Kappa.

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