European Commission requires 5 divestitures for IP-DS Smith deal

"Big news in packaging! The European Commission has greenlit International Paper’s $8 billion acquisition of DS Smith, but not without strings attached. To address competition concerns, IP must sell five plants in France, Portugal, and Spain. Why does this matter? These divestitures target regions key to corrugated packaging, a backbone of e-commerce. For the paper packaging industry, this deal highlights a growing trend: regulators scrutinizing market concentration to prevent price hikes on boxes used in global supply chains. With the acquisition closing Jan. 31, could this reshape competition in Europe? Stay tuned!"https://www.packagingdive.com/news/european-commission-approve-international-paper-acquisition-ds-smith-assets/738227/

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