Smurfit completes €51m asset swap agreement

Smurfit Kappa Group has signed an asset swap agreement with Mondi Group which means Smurfit will acquire Mondi’s corrugated operations in the UK, while Mondi will acquire SKG’s Western European sack converting operations.

Smurfit completes €51m asset swap agreement
Mon, 19 Apr, 2010 - 11:41

Smurfit Kappa Group has signed an asset swap agreement with Mondi Group which means Smurfit will acquire Mondi’s corrugated operations in the UK, while Mondi will acquire SKG’s Western European sack converting operations.

The total cash cost of the asset swap for SKG is €51m.

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CourtsBusinessHeathrowPlace: UKPlace: EuropePlace: Latin AmericaPlace: FrancePlace: SpainPlace: ItalyPerson: Gary McGannPerson: CEOOrganisation: SmurfitOrganisation: Smurfit Kappa GroupOrganisation: Mondi GroupOrganisation: MondiOrganisation: SKGOrganisation: EBITDA
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