Global hygiene and paper company SCA (SVCBY.PK) Wednesday announced that it has accepted the formal offer from D S Smith to acquire the packaging operations in France.
The company revealed that it had signed a sale and purchase agreement with D S Smith, after having consultations with the appropriate works councils.
SCA further added that, following the signing of the sale and purchase agreement between the two parties, the process will continue towards completing the entire transaction, which includes review of relevant competition authorities.
SCA expects that the transaction would be concluded during the second quarter of 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.