Mondi might be interested in DS Smith takeover

Photo: Mondi

According to Euwid, Mondi considers takeover of rival DS Smith, citing a Bloomberg report.

Mondi is said to be in talks with advisors and the project is still at an early stage, says Bloomberg, quoting an insider who is familiar with the matter.

Neither Mondi nor DS Smith have commented on the rumors. According to Euwid, Mondi and DS Smith combined would form a new giant with annual sales of more than €13bn and a workforce of almost 56,000 staff.