Converters
OFT clears DS Smith’s Otor acquisitionJosh Brooks, 12 August 2010Be the first to comment on this article The Office of Fair Trading has today given the green light to DS Smith’s planned acquisition of French corrugated group Otor. In a brief statement this afternoon (12 August), the OFT said that it had decided not to refer the £205m deal to the Competition Commission. After the transaction, which was first announced in early July, DS Smith will become a leading player in the French corrugated market, where Otor is focused on high-margin retail-ready work. Further details of the proposed acquisition, which will be chief executive Miles Roberts’ first major action since he took on the job in early May, were made public earlier this week in a document for shareholders. Click here for today’s headlines from across the packaging industry Speak Your Mind |
Popular Articles
|
Loading ...
