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DS Smith reveals date to complete SCA takeover

19-Jun-2012

DS Smith has confirmed that it expects to complete its €1.6bn takeover of SCA Packaging on 30 June 2012.

The announcement comes just weeks after the European Commission gave the green light to deal on conditions the UK-based corrugated packaging firm sell three plants – two in the UK and one in France.

DS Smith said it would complete the acquisition on the final day of the month after satisfying the conditions laid down by Brussels in May.