UBS Group AG Surpasses 5% Stake in Smurfit Kappa

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

In a recent major financial move, Smurfit Kappa Group PLC has disclosed that UBS Group AG, through various instruments, has crossed the 5% threshold of voting rights. As of June 19, 2024, UBS now holds a combined voting power of 5.41%, with a notable 4.41% via financial instruments like swaps and a direct 1% through shares. The notification to Smurfit Kappa was formally made on June 21, 2024, indicating a significant shift in the company’s shareholder structure.

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