Venezuelan Government Announces "Intervention" at Smurfit Kappa Carton Mill

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Smurfit Kappa Group plc, Ireland, this week confirmed that officials from the Venezuelan government announced a "temporary intervention" at the Group’s subsidiary Smurfit Kappa Carton de Venezuela. The intervention was reportedly part of a nationwide program of inspections and audits at both locally and internationally owned companies, conducted by a number of government ministries and agencies.

The intervention allows for further inspections and audits covering areas such as tax, costs, pricing, and employment practices.

Smurfit Kappa Carton de Venezuela (SKCV) said that it retains management of the company and is co-operating fully with the government officials. SKCV added that it is committed to operating its business to ensure the on-going supply of products and services to its customers.

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