DS Smith Shareholders Approve Acquisition of SCA Packaging Operations
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Shareholders of U.K.-based packaging group DS Smith Plc last Friday (February 3) approved the company's proposal to acquire SCA's (Stockholm, Sweden) packaging operations, excluding the two kraftliner mills in Sweden. The transaction remains subject, among other things, to antitrust clearance from the European Commission. Closing is expected during the second quarter.
Regarding the French part of the packaging operations, DS Smith has made a formal offer to acquire this business. This process is subject to an information and consultation procedure with the relevant works councils and will be treated separately.
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