- Packaging company Smurfit Kappa Group said it had upped its interest in Carton de Colombia to 97.7% after making a tender offer for minority shares in the business.

Smurfit Kappa had held 69.9% of the business prior to the tender offer, which received valid acceptances of 92.5% of the remaining shares.

The consideration payable under the tender offer was around €81m and was being funded from existing resources, the company said.

At 9:07am: [LON:SKG] Smurfit Kappa Group PLC share price was +15.5p at 2299.5p

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