The chairman of Smurfit Kappa has urged shareholders anxious for further information about the Dublin-listed group’s acquisition of US paper and packaging rival WestRock to be patient after declining to answer questions on the subject at its annual general meeting in Dublin on Friday.
In previous years, the group has released its first quarter trading update to coincide with its agm. However, Mr Finan said this year it was not possible to do so because of the various “pressures” associated with the WestRock deal. Smurfit Kappa will issue the update next Thursday.
He said he understood that one institutional shareholder in the group had questioned the business case for the tie-up with WestRock and claimed it had been given further information.