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flag Packaging company Mondi proposes merger with DS Smith, creating a £10.4bn giant.

flag Mondi, a packaging company based in London, has proposed a merger with its rival DS Smith, potentially creating a packaging giant worth over £10 billion. flag This merger follows Mondi's previous consideration of an acquisition attempt on DS Smith in 2018. flag The combination of the two companies would result in a market value of around £10.4 billion. flag Mondi has until March 7 to announce a definitive plan to bid for DS Smith or confirm that it will not be making an offer.

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