DS Smith Completes Final Condition For Europac Acquisition

DS Smith PLC on Thursday said it had received acceptances for 98.8% of the total share capital of Papeles y Cartones de Europa, SA, known as Europac, satisfying the final condition of the acquisition.

The FTSE 100-listed packaging company now expects completion of the takeover on January 22. On completion, DS Smith plans to delist Europac stock from Madrid and Barcelona.

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