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Jefferson Smurfit to exchange partial ownership of Smurfit MBI.


Jefferson Smurfit Group (JSG JSG Joint Study Group (India and Pakistan)
JSG Jain Social Group
), Dublin, Ireland, has signed a letter of intent with Smurfit-Stone Container Corp. (SSCC SSCC Serial Shipping Container Code (EAN barcoding)
SSCC Sacred Hearts of Jesus and Mary (religious order)
SSCC Space Station Control Center
SSCC Sulphide Stress Corrosion Cracking
), Chicago, Illinois, USA. Under the terms of this letter, JSG will exchange its 50% ownership in Smurfit MBI MBI Management Buy-In
MBI Moody Bible Institute
MBI Mathematical Biosciences Institute
MBI Modular Building Institute
MBI Mechanical Breakdown Insurance
MBI Molecular Biology Institute
MBI Maslach Burnout Inventory (psychometrics) 
 and consideration of approximately Euro 185 million (US$ 198 million) for SSCC's European packaging interests. The transaction should close in the first quarter of 2003 and is subject to several conditions including European and Canadian regulatory approval. Smurfit MBI is the leading Canadian corrugated cor·ru·gate  
v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates

v.tr.
To shape into folds or parallel and alternating ridges and grooves.

v.intr.
 producer with 15 facilities.
COPYRIGHT 2003 Paper Industry Management Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Industry News
Publication:Solutions - for People, Processes and Paper
Date:Mar 1, 2003
Words:83
Previous Article:"Paper Training" wins Iggesund design award.(Industry News)
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