DS Smith acquires remaining 1pc of Europac

DS Smith announced on Friday that the conditions for it purchasing the remaining shares of Europac on a compulsory basis had now been met.

The FTSE 100 packaging giant had acquired the majority of Spanish firm Papeles y Cartones de Europa, trading as Europac, on 22 January.

“DS Smith therefore expects to acquire the outstanding 1.17% of the total share capital and for Europac to be delisted from the Spanish stock exchanges by the end of February,” the DS Smith board said in its short statement.