Posse Herrera Ruiz advised Smurfit Kappa Group on the deal.
The transaction consisted of a Tender Offer (“OPA”) of Smurfit Kappa Group plc (“SKG”) Ireland company to acquire the minority shares of Cart? de Colombia S.A. (“CdeCo”) listed company in the Colombian Stock Exchange (“BVC”) as consequence of the delisting procedure approved by CdeCo shareholders. SKG offered to buy 390.266 shares of Cart? de Colombia S.A and acquired after the OPA 20.537 shares, fulfilling with the prior requirement to delist Cart? de Colombia S.A shares of the BVC.
Founded in 1944, Carton de Colombia S.A. focuses on the manufacture and sale of paper and packaging products.
The Smurfit Kappa Group plc is Europe’s leading corrugated packaging company and one of the leading paper-based packaging companies in the world. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Posse Herrera Ruiz’s team included Mariana Posse (Picture) and Adriana Cabal.
Law Firms: Posse Herrera Ruiz;
Clients: Smurfit Kappa;