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Announced

Smurfit Kappa launched a €81m tender offer for a minority stake in Cartón de Colombia.

Financials

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Transaction Value£70m
Consideration TypeCash
Capital Owned70%
Capital Bid For28%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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packaging products

Tender Offer

Pending

Acquisition

Minority

Colombia

Containers and Packaging

Public

Friendly

Single Bidder

Synopsis

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Smurfit Kappa, a European packaging company, launched a €81m ($87m) tender offer for a minority stake in Cartón de Colombia, a producer and seller of virgin fiber pulps and packaging products in Colombia. Smurfit Kappa holds 69.94% of the shares in Cartón prior to the tender offer and will now hold 97.7% post completion of the tender offer.

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