International Paper pursues a possible acquisition of DS Smith, aiming to establish a European HQ in London and seek a secondary LSE listing.

International Paper (IP) is pursuing a possible offer for DS Smith, with significant progress made in due diligence. If successful, IP aims to establish a European headquarters in London, maintain key elements of DS Smith's London office, and seek a secondary listing of its shares on the London Stock Exchange (LSE). A combination between the two companies is expected to deliver $514m in annual pre-tax cash synergies and strengthen their packaging businesses in North America and Europe.

April 04, 2024
21 Articles