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Mon, May 27, 2019 09:27
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Management Side
DS Smith gets Spanish regulator nod for Europac takeover

SPAIN (News release) -- DS Smith said the Spanish Securities Market Commission had authorized its proposed acquisition of Papeles y Cartones de Europa, known as Europac.

DS Smith said it expected offer documentation to be posted to Europac shareholders as soon as practicable.

"We look forward to completing the formal takeover process and integrating Europac into DS Smith to the benefit of all our stakeholders," chief executive Miles Roberts said. "This acquisition is a fantastic opportunity to enhance our customer coverage and offering in this important region."

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