Smurfit Kappa (GB:SKG) has released an update.
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BlackRock, Inc. has increased its stake in Smurfit Kappa Group PLC, with total holdings now exceeding 9% of the company’s voting rights as of May 20, 2024. This change is primarily due to the acquisition of additional financial instruments, resulting in a new total position of 9.01%, up from the previous 8.96%. The notification, dated May 21, 2024, details the crossing of the notifiable threshold by BlackRock, marking a significant investment move by the firm.
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