Norges Bank sells €96mn of Smurfit Kappa shares

The Norwegian central bank has reduced its stake in the company from 7% to 4.7%, following what chief executive Tony Smurfit described as ‘the most challenging year in recent memory’

Norges has been one of the largest holders of Smurfit Kappa stock in recent years alongside Blackrock, the giant US investment firm. Picture Fergal Phillips