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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Smith (ds) Plc | LSE:SMDS | London | Ordinary Share | GB0008220112 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.40 | 0.31% | 458.40 | 457.80 | 458.20 | 463.00 | 455.20 | 460.60 | 5,397,290 | 16:35:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Corrugated & Solid Fiber Box | 6.82B | 385M | 0.2789 | 16.41 | 6.31B |
TIDMSMDS
RNS Number : 0702O
Smith (DS) PLC
22 May 2015
22 May 2015
DS Smith Plc
Update re. Duropack and disposal of StePac
Duropack
DS Smith Plc, the leading provider of recycled corrugated packaging in Europe, is today pleased to announce that it has received unconditional competition clearance in relation to the acquisition of the Duropack business ("the acquisition") from all of the relevant authorities.
Accordingly, the acquisition is expected to complete on 31 May 2015. An experienced team is in placeto integrate this business immediately from completion and we look forward to building on the excellent positions that Duropack already has in its markets.
StePac
On 18 May 2015 DS Smith completed the sale of StePac, a non core part of our plastics business based in Israel, for $28.25m, subject to typical post-closing adjustments. The disposal is consistent with our focus on investment and growth in consumer based packaging in strategic markets and will result in an exceptional gain in the current financial year.
Miles Roberts, Chief Executive of DS Smith said:
"We are delighted to have received unconditional competition clearances for Duropack earlier than anticipated and look forward to integrating the business into the DS Smith Group. We believe the combination provides excellent opportunities for our customers, employees and shareholders. We continue to actively manage our business portfolio and Duropack is a further important step in our strategy to leverage our scale and strengthen our geographic footprint."
Enquiries
DS Smith Plc +44 (0)20 7756 1800
Hugo Fisher, Group Communications Director
Rachel Stevens, Investor Relations Manager
Bell Pottinger
John Sunnucks +44 (0)20 3772 2549 Ben Woodford +44 (0)20 3772 2566
NOTES TO EDITORS
DS Smith is a leading provider of corrugated packaging in Europe and of specialist plastic packaging worldwide, operating across 25 countries and employing 21,500 people. Our vision is to become the leader in recycled packaging for consumer goods through offering great service, quality, innovation and environmental solutions to our customers. Formore information, visit www.dssmith.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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