The private equity owners of Smurfit Kappa may finally be able to realise at least part of their investment in 2007, after the Irish paper and packaging company confirmed that it is considering a €5 billion ($6.5 billion) flotation some time this year.
In response to “recent market speculation”, Smurfit Kappa said in a statement that it would ask its lenders to approve changes to its senior credit facility, in order to facilitate an initial public offering.
