Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
Search
My Profile
Login
Management Side
DS Smith Wins Conditional EU Approval for $2.2 Billion Europac Buy
Print

London, England 15 November 2018 -- DS Smith to divest three corrugated facilities in France and Portugal in order to address the European Commissions's competition concerns.

The European Commission (EC) has approved the acquisition of Europac by DS Smith. The company received EC approval for the €1.67bn deal under the condition that it divests Europac's corrugated sheet and box plant in Ovar, Portugal as well as the DS Smith plants DSS Normandie and DSS Normandy (Cabourg) in France. DS Smith will also transfer or assign the applicable customer contracts along with the divested plants.

With these divestments, the company addresses the Commission's concerns that the proposed acquisition would significantly reduce the level of competition in the market for corrugated sheets and cases, in Portugal, as well as in the market for corrugated cases in Western France, in view of the strong combined market position of DS Smith and Europac and the loss of competitive constraint that the transaction would cause, the EC announced.

Following the clearance, DS Smith expects to complete the acquisition of Europac by the end of 2018.

___

Would you like to help create the future and build your own library at the same time? (9-12-18)

****

Are you struggling to fill Maintenance Technician roles? (9-18-18)

 

Related Articles:


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: