LONDON (ShareCast) - (Sharecast News) - DS Smith said it had reached agreement for the proposed sale of two packaging businesses in North Western France and Portugal to International Paper €63m (£54m).
The sales would fulfil the commitment made to the European Commission in relation to the clearance of Smith's acquisition of Papeles y Cartones de Europa, S.A., known as Europac, which completed on 22 January 2019.

Completion is subject to customary closing conditions including works council consultation and regulatory approvals and expected to take place in the first half of Smith's 2019/20 full year.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE