DS Smith confirms that The Board of the Spanish Securities Market Commission (CNMV) announced on 17th January the result of the tender offer launched by DS Smith on 3 December 2018 to the shareholders of Papeles y Cartones de Europa, S.A., known as Europac. Acceptances representing 98.8% of the total share capital of Europac have been received by DS Smith.
As a result, the final condition of DS Smith’s proposed acquisition of Europac has been satisfied and settlement and completion are expected to take place around 22 January 2019.
