Friday February 28, 2020

Smurfit Kappa 'no longer controls' Venezuela business

The paper and packaging group has blamed the 'continuing action and interference' of the Venezuelan government for the move

24th September, 2018
Smurfit Kappa hit by Venezuela crisis. Pic: Getty

Paper and packaging group Smurfit Kappa says it no longer has control of its Venezuelan business Smurfit Kappa Carton de Venezuela (SKCV).

The company has decided to deconsolidate its Venezuelan operations in the third quarter of this year and will take a €60m hit due to the write down of the value of its assets.

Smurfit Kappa has blamed the “continuing action and interference” of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

What’s coming up today and what you might have missed

Hannah O’Brien | 2 months ago

What’s coming up today and what you might have missed.

Hannah O’Brien | 2 months ago