DS Smith's shareholders approved the acquisition of SCA's packaging operationsby Press Release on 2012-02-03 23:37:50
STOCKHOLM, Sweden, Feb 03, 2012 (Global Logistics Media) -- Regulatory News:
Today, Friday February 3, 2012, the shareholders of UK-based packaging group DS Smith Plc approved the company's proposal to acquire SCA's packaging operations, excluding the two kraftliner mills in Sweden.
The transaction remains subject, amongst other things, to antitrust clearance from the European Commission. Closing is expected during the second quarter of 2012.
Regarding the French part of the packaging operations, DS Smith has made a formal offer to acquire this business. This process is subject to an information and consultation procedure with the relevant works councils and will be treated separately.
Stockholm, February 3, 2012
SCA is a global hygiene and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products. Sales are conducted in some 100 countries. SCA has many well-known brands, including the global brands TENA and Tork. Sales in 2011 amounted to SEK 106 billion (EUR 11.7 billion). SCA has approximately 43,000 employees. More information at www.sca.com
NB This information is such that SCA (sto:SCAA)(sto:SCAB) must disclose in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on February 3, 2012, at 12.00 CET.