Smurfit Kappa to join FTSE 250

Packaging manufacturer Smurfit Kappa Group (SKG) will be included as a constituent of the FTSE250 and FTSE All Share indexes from the close of business on Friday, June 17, it was announced today.

Tony Smurfit Group CEO commented: “We expect our inclusion in the FTSE AllShare to provide an incremental benefit to our shareholders.

“Over time, our new dual listing arrangement should widen the base of investors eligible to invest in the Group while further strengthening the liquidity in our shares.”

SKG employs 45,000 people in approximately 370 production sites across 34 countries and with revenue of €8.1bn in 2015.