The European Commission has approved a USD 7.2 billion acquisition of DS Smith by International Paper.
Jan 24, 2025
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of DS Smith by International Paper worth USD 7.2 billion.
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The Commission said the US packaging company will divest five of its plants in Europe. These include three plants in France, one box plant in Portugal and another box plant in Spain.
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The new development will focus on the growing demands of North American and EMEA regions. The acquisition is expected to close Jan 31.
