Smurfit sells share in Austrian unit

Smurfit Kappa said it has sold its minority shareholding in Duropack AG Group, the group's Austrian associate, to Constantia …

Smurfit Kappa said it has sold its minority shareholding in Duropack AG Group, the group's Austrian associate, to Constantia Packaging AG for €55 million.

The Ireland-based paper and packaging company said it will use the proceeds from the sale to reduce its net debt.