Thursday February 20, 2020

Playing hard to get: Smurfit Kappa

International Paper has been courting Smurfit Kappa with a €9 billion takeover attempt, but the financially buoyant Irish packaging giant is under no pressure to sell. Several rejected advances later, IP clearly still wants a deal

Ian Guider

Markets Editor

@ianguider
6th May, 2018
2
Tony Smurfit, chief executive officer, with Liam O’Mahony, chairman at the Smurfit Kappa agm Picture: RollingNews.ie

In a windowless room in a plush hotel in Ballsbridge, the annual general meeting of the packaging giant Smurfit Kappa was wrapped up in barely half an hour. It was a sizeable enough attendance for a pre-bank holiday Friday morning.

There was just one question to the board, from a shareholder who wants the company to sign up to a living wage initiative for its employees. Forewarned by chairman Liam O’Mahony, the company said it...

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