Thursday 29 September 2016

Smurfit Kappa to move listing to London from Dublin

Conor Humphries

Published 24/03/2016 | 08:09

Tony Smurfit, left, and Gary McGann
Tony Smurfit, left, and Gary McGann

Dublin-headquartered packaging firm Smurfit Kappa is to switch its primary listing to the London Stock Exchange next month in a bid to secure access to the FTSE index and expand its investor base, the packaging company said on Thursday.

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The change, which is expected to take place on April 24, will position the company for inclusion in the FTSE series of indices, which would "further enhance the company's profile and access to a wider investor base", Smurfit Kappa said in a statement.

Irish betting firm Paddy Power moved its primary listing to the LSE following its merger with Betfair this year.

The Irish Stock Exchange has seen top names such as Greencore and CRH move their primary listings in the wake of Ireland's 2010 banking crash.

Reuters

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