EU to approve International Paper's $7.1 billion DS Smith deal, sources say

DS Smith

21/01/2025 14:04

BRUSSELS, Jan 21 (Reuters) - U.S.-based International
Paper  IP.N  is set to receive EU approval for its 5.8 billion
pound ($7.12 billion) acquisition of UK rival DS Smith  SMDS.L 
after agreeing to sell assets to address competition concerns,
people with direct knowledge of the matter said on Tuesday.
   The deal announced last April will boost International
Paper's European presence in a sector going through a wave of
consolidation.
($1 = 0.8147 pounds)

 (Reporting by Foo Yun Chee
Editing by David Goodman
)
 ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))