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DS Smith’s shareholders approve SCA acquisition
The shareholders of UK-based packaging group, DS Smith, approved the company´s proposal to acquire SCA’s packaging operations, excluding the two kraftliner mills in Sweden.
The transaction remains subject, amongst other things, to antitrust clearance from the European Commission. Closing is expected during the second quarter of 2012.
Regarding the French part of the packaging operations, DS Smith has made a formal offer to acquire this business. This process is subject to an information and consultation procedure with the relevant works councils and will be treated separately.
Source: DS Smith
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