January 24, 2025 15:02 GMT
BASIC INDUSTRIES: DS Smith (SMDSLN NR/BBB-*+/NR): EU Merger Approval
BASIC INDUSTRIES
- International Paper confirmed EC Phase I clearance for the DS Smith merger, as reported earlier in the media.
- Approval is conditional on divesting certain plants in France, Portugal and Spain.
- The deal is set to complete next month.
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