Acquisitions

Two French DS Smith plants close to be sold

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The sale of two DS Smith in Western France, imposed by the European Commission as a pre-requisite for the acquisition of Europac, appears to be close at hand. DS Smith France confirmed the presence of players who are interested in buying corrugated cardboard and packaging plants in Saint-Amand and Cabourg. As a DS Smith spokesperson explained, there are ongoing negotiations with the parties and one can reasonably expect that an agreement will be reached by the end of the first semester of this year. The sale is supposedly subject to the condition that the buyer purchases both plants.