Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

Britain's competition watchdog investigates Liqui-Box deal for DS Smith unit

Britain's competition watchdog investigates Liqui-Box deal for DS Smith unit
The logo DS Smith is pictured inside the carboard box manufacturing company DS Smith Packaging Atlantique in La Chevroliere, near Nantes, France, April 25, 2019. REUTERS/Stephane Mahe -
Copyright
STEPHANE MAHE(Reuters)
Text size Aa Aa

(Reuters) - Britain's competition watchdog said on Friday it was investigating if U.S.-based Liqui-Box's planned takeover of DS Smith Plc's ‍flexible and rigid plastic business could hurt market competition.

The deal, which was announced in March, values the London-listed company's plastic packaging unit at up to $585 million.

(Reporting by Samantha Machado in Bengaluru; Editing by Arun Koyyur)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.