Original Smurfit Kappa investor cashes out

Private equity firm Cinven has offloaded the remainder of its shareholding in Irish packaging giant Smurfit Kappa.

23rd January, 2013
Cardboard being manufactured at a Smurfit Kappa factory.

Private equity firm Cinven has offloaded the remainder of its shareholding in Irish packaging giant Smurfit Kappa.

The firm sold 7.3 million shares in Smurfit Kappa on Monday, meaning it no longer owns any of the company, according to a note to the stock exchange. Cinven was, along with private equity groups CVC and Madison Dearborn, one of Smurfit Kappa’s main shareholders before it floated on the stock exchange in 2007.

Smurfit’s shares were trading...

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