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.
FTSE 100
8,149.78
16:54 27/12/24
n/a
n/a
FTSE 350
4,495.62
16:29 27/12/24
n/a
n/a
FTSE All-Share
4,453.14
17:05 27/12/24
n/a
n/a
General Industrials
7,467.12
16:29 27/12/24
0.00%
7,467.12
Smith (DS)
542.50p
17:15 27/12/24
-0.73%
-4.00p
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.