17th Apr 2019 08:08
LONDON (Alliance News) - DS Smith PLC on Wednesday said it sold two packaging businesses in north western France and Portugal to International Paper Corp for EUR63 million.
The two disposals fulfill the FTSE 100 company's commitments to the European Commission in relation to the clearance of its acquisition of Papeles y Cartones de Europa SA, known as Europac, which completed in January.
"I am delighted that we are on track to meet our commitment to the European Commission with both an attractive price and a good home for the businesses in International Paper," DS Smith Chief Executive Miles Roberts said.
DS Smith shares were trading up 0.5% at 354.10 pence each early Wednesday morning.
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