# Smurfit Kappa to acquire additional 15.54% stake in Cartón de Colombia

Smurfit Kappa intends to launch a €90 million cash offer for an additional 15.54% stake in Cartón de Colombia, lifting its holding from 69.94%. The deal is subject to Colombian regulatory approval and is expected to close in the second quarter of 2019.

- Type: Acquisition
- Announced: 2019-03-15
- Where: Yumbo, Colombia
- Value: $101.9M (90.0M EUR)
- Status: announced
- Products: virgin-fibre pulp, corrugated boxes, paper sacks, printing and writing papers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Smurfit Kappa](https://endata.com/companies/261.md) (acquirer)
- [Cartón de Colombia](https://endata.com/companies/4765.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/smurfit-kappa-carton-de-colombia/), 2019-03-15: "Smurfit Kappa intends to launch a €90m ($101.92m) cash offer to acquire an additional 15.54% stake in Cartón de Colombia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.