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Sep 7 2023, 12:25 IST/BST
European packaging leader Smurfit Kappa Group is in discussions with US-listed packaging group WestRock regarding a possible merger. The proposed merged Smurfit WestRock group would have pro forma revenue of $34bn with $5.5bn adjusted EBITDA as of June 30th 2023. The combined Smurfit WestRock entity targets cost synergies of over $400m (c.1.2% of group revenues) by end of year one post-merger.