logo
Share SHARE
FONT-SIZE Plus   Neg

DS Smith´s Offer To Buyout Packaging Operations In France Accepted By SCA

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, Tuesday said its first-quarter profit rose 6 percent from a year ago, driven largely by higher revenues. Shares of the company slipped over 6 percent in the after-hours trading, hurt by weak futures orders. Beaverton, Oregon-based... Germany, a clean-power trendsetter country, is planning to introduce hydrogen powered trains. The environment friendly "Coradia iLint" long distance passenger hydrails are expected to be operational by the end of 2017. Rogers Communications Inc. and Shaw Communications Inc. are shutting down Shomi, the subscription video-on-demand service run by the two Canadian companies. Shomi said it will shut down operations on November 30, 2016, just two years since its launch. Shomi was viewed as a Canadian competitor to Netflix.
comments powered by Disqus
Follow RTT