SCA has accepted DS Smith´s offer to acquire its packaging operations

SCA has accepted DS Smith´s formal offer to acquire the packaging operations in France following consultations with appropriate works councils.  The agreed purchase price amounts to EUR 1.7bn on a debt free basis.

On 17 January 2012, SCA announced that its packaging operations – excluding the two kraftliner mills in Sweden – will be sold to DS Smith.
Following the signing of the sale and purchase agreement, the process will continue towards completing the entire transaction, which includes review of relevant competition authorities. Closing of the transaction is expected to take place in the second quarter 2012.