Matheson have advised Smurfit Kappa Group, the FTSE 100 packaging company, on all aspects of its successful €660 million primary share issuance.
Cardboard box-maker Smurfit Kappa (SKG:ID) has raised €660 million in a share sale as it sought to accelerate investment projects to take advantage of a surge in ecommerce and a shift across the consumer goods industry towards sustainable packaging.
The company hired Credit Suisse, Davy and BNP Paribas to manage the share placing, it said in a stock exchange statement after European markets closed.
The company listed 19.4 million new shares, selling them at €34.00 each or £30.46 for investors who elected to settle in sterling.
The new shares represent approximately 8.1% of the company’s issued share capital immediately prior to the placing.
Smurfit Kappa Group PLC manufactures paper packaging products. The Company offers container boards, corrugated containers, and other paper-based packaging products.
The Matheson team was led by leading capital markets partner David Fitzgibbon (Picture), who was joined by fellow corporate partners Susanne McMenamin and David Jones.
Law Firms: Matheson;
Clients: Smurfit Kappa;