JSG gets SSCC's European interests. (Trading Assets).(Jefferson Smurfit Group to acquire the European assets of Smurfit-Stone Container Corp.)(Brief Article)
Official Board Markets, February, 2003
Jefferson Smurfit Group (JSG), Dublin, Ireland, will acquire the European assets of its former U.S. partner, Chicago-based Smurfit-Stone Container Corp. (SSCC).
Under the terms of the deal, Jefferson Smurfit will exchange its 50 percent stake in Smurfit MBI plus approximately $190 million for SSCC's European packaging interests. When the transactions arc completed, Smurfit-Stone will own 100 percent of Smurfit-MBI and will end its manufacturing presence in Europe. The deal is subject to European and Canadian regulatory approval.
SSCC's European interests include Europa Carton, one of the largest European corrugated producers, based in Hamburg, Germany. Its operations comprise two paperboard mills, 11 corrugated and five recycling facilities....
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