Smurfit Kappa Prices IPO

Smurfit Kappa Group, a cardboard packaging company formed via the 2005 merger of Ireland-based Jefferson Smurfit and The Netherlands-based Kappa, raised Euro 1.3 billion via an IPO on the Irish Stock Exchange and a secondary listing on the London Stock Exchange. Shareholders include Cinven, CVC Capital and Madison Dearborn Partners. The Euro 16.5 per share offering valued Smurfit Kappa at around Euro 3.4 billion.