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International Paper wins conditional EU clearance for DS Smith deal (update*)

By Andrew Boyce ( January 24, 2025, 15:00 GMT | Insight) -- International Paper has won EU approval to take over UK packaging maker DS Smith, after agreeing to divest five factories in France, Portugal and Spain to resolve competition concerns. The US company can only implement the acquisition once the European Commission has approved a “suitable purchaser” of the factories, the regulator said.International Paper has won EU approval to take over UK packaging maker DS Smith, after agreeing to divest five factories to resolve competition concerns....

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