Smurfit Kappa fined €124m after Italian cartel investigation

Smurfit Kappa, led by chief executive Tony Smurfit, is ‘very disappointed’ by Italian fine. Photograph: Brenda Fitzsimons

International News

Cardboard box maker Smurfit Kappa Group (SKG) said on Tuesday its Italian unit has been fined €124 million as authorities in the country found that 50 paper and packaging groups had engaged in anti-competitive practices.

SKG said that it was “very disappointed” with the finding of the Italian Market Competitiveness Protection Authority (AGCM) “on many levels and will vigorously appeal this decision on both administrative and substantive grounds”.


Source: The Irish Times


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