EU Monthly Mergers and Takeovers List Includes Two Key P&P Industry Approvals
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Reuters Europe Reporting Service (Brussles, Belgium) on Nov. 14 reported the following two major global player paper industry mergers are currently under review by the European Commission:
— UK packaging business DS Smith to acquire (as previously reported by OTW) Spanish corrugated packing provider Europac was approved Nov. 14, officially.
— Brazilian pulp and paper producer Suzano Papel e Celulose to acquire Brazilian peer Fibria Celulose (notified Oct. 9/deadline extended to Nov. 29 from Nov. 15 after commitments submitted).
