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Smith (DS) (SMDS)

Share Price:
Down 324.20p
Change Today:
-6.20p
Market Cap:
4,447.87m

DS Smith completes sale of businesses in France and Portugal

01 Jul 19

LONDON (ShareCast) - (Sharecast News) - DS Smith announced on Friday that, following the fulfilment of all closing conditions, the sale of two packaging businesses in north west France and Portugal to US company International Paper for €63m (56m) was completed on 28 June.
The FTSE 100 company said the sale fulfilled the commitment made the company had made to the European Commission in relation to the clearance of its acquisition of Papeles y Cartones de Europa, known as Europac.

That acquisition was completed on 22 January.

"We are delighted to have completed this transaction, which ensures that the business and colleagues have found a good home at an attractive price for the business," said DS Smith group chief executive Miles Roberts.

"The integration of Europac is progressing well and we are very pleased with the quality of our customer offering in the region."

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Market Data

Currency UK Pounds
Price 324.20p
Change Today -6.20p
52 Week High 510.60p
52 Week Low 292.20p
Volume 2,427,047
Shares Issued 1,371.95m
Market Cap 4,447.87m

Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Oct-19 04-Apr-19
Paid 01-Nov-19 01-May-19
Amount 11.00p 5.20p