Smurfit Kappa could exit Irish stock exchange amid talks over $20bn US merger

Irish paper giant confirms discussions with US company Westrock for deal that would be another blow to Euronext Dublin

Tony Smurfit, chief executive of Smurfit Kappa Group. Picture: Fergal Phillips

Smurfit Kappa, the Irish paper and packaging giant, has confirmed it is in talks with Westrock, the US paper company, for a merger deal that would result in the company exiting the Irish stock exchange.

The deal, which could create a business worth up to $20 billion (€18.7 billion), would spawn a newly merged group entity that would be listed on the New York Stock Exchange, Smurfit confirmed in a statement.

Smurfit Kappa said the ...