Edition:
United States

DS Smith to acquire EcoPack and EcoPaper


Wednesday, 18 Oct 2017 03:49am EDT 

Oct 18 (Reuters) - DS Smith Plc :‍ENTERED INTO AN AGREEMENT TO ACQUIRE ECOPACK AND ECOPAPER, FOR AN ENTERPRISE VALUE OF CIRCA EUR 208 MILLION​.‍ACQUISITION IS EXPECTED TO BE EARNINGS ENHANCING IMMEDIATELY​.‍CONSIDERATION AND DEBT REPAYMENT TO BE SATISFIED FROM EXISTING FACILITIES, AND FROM EUR 35 MILLION OF DS SMITH SHARES TO BE ISSUED TO VENDOR​.DEAL ‍COMPLETION IS EXPECTED WITHIN THIRD FISCAL QUARTER, FOLLOWING ROMANIAN COMPETITION AUTHORITY APPROVAL​.