In a video message last 23 January, Miles Roberts, CEO of DS Smith announced the completion of the Europac agreement and welcomed the new staff who joined the group. In the meantime, the CNMV, the Spanish National Securities Market Commission, confirmed that in the public tender for acquisition presented to the Europac shareholders last 3 December, DS Smith received acceptances representing 98.8% of the total share capital of Europac and that the last condition of the proposed acquisition was met.
DS Smith will now start the obligatory purchase of the remaining minority shareholding of Europac. At the end of the squeeze-out, the Europac shares will be with drawn from the Madrid and Barcelona stock exchanges.