Smurfit to switch to London listing

Paper and packaging group Smurfit Kappa is to switch its primary share listing from Dublin to London next month in a move aimed at expanding its investor base and gaining access to the FTSE index.

The move will see the London Stock Exchange become the main trading platform for the company’s shares, with Dublin acting as a secondary marketplace and one for euro-denominated investors.

Smurfit Kappa has had a primary listing in Dublin and a secondary London listing since floating in 2007. Last month, the group switched trading currency for its shares in London from euro to sterling, also in a bid to make it easier for future admission to the UK series of FTSE indices.