CS, Davy backstop Smurfit Kappa sell-down

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CS, Davy backstop Smurfit Kappa sell-down

The private equity owners of packaging firm Smurfit Kappa sold down a quarter of their 45% stake on Wednesday in an accelerated bookbuild run by Credit Suisse and Davy Corporate Finance that was around three times covered and priced at a 1.16% discount.

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