DS Smith Receives Mondi Approach

DS Smith has confirmed that it has received a “highly preliminary expression of interest” from Mondi regarding a “combination”.

In a statement issued this morning (8 February) in response to media speculation, the London-headquartered packaging firm’s board said: “The board of DS Smith understands that Mondi is considering a possible offer for DS Smith although no proposal has been received at this stage.

“There can be no certainty as to whether any proposal will be made or the terms of any such proposal. A further announcement will be made if and when appropriate.”

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