BRUSSELS (Reuters) – U.S.-based International Paper is set to receive EU approval for its 5.8 billion pound ($7.12 billion) acquisition of UK rival DS Smith after agreeing to sell assets to address competition concerns, people with direct knowledge of the matter said on Tuesday.
The deal announced last April will boost International Paper’s European presence in a sector going through a wave of consolidation.
($1 = 0.8147 pounds)
