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In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.
Names of the companies and groups concerned:
- The acquirer: The company “International Paper Company”;
- The target: The company “DS Smith Plc”.
Nature of the operation
- Takeover
Economic sectors concerned
- Cardboard packaging sector;
- Paper sales sector.
Deadline for interested third parties to submit their observations
– 10 days from the date of publication of this press release, i.e. Monday, September 23, 2024.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
The Competition Council received notification of an economic concentration operation concerning the acquisition by the company “International Paper Company” of the exclusive control of the company “DS Smith Plc”, through the acquisition of 100% of the share capital and related voting rights.
“International Paper Company” is a New York law company listed on the New York Stock Exchange, active in the field of packaging based on renewable fibers, paper products, pulp, and associated recycling.
“DS Smith Plc” is an English law company, active in the field of sustainable fiber-based packaging, relying on recycling activities and paper manufacturing.
Done in Rabat, September 12, 2024.
