Printer Friendly

Jefferson Smurfit to exchange partial ownership of Smurfit MBI.

Jefferson Smurfit Group (JSG), Dublin, Ireland, has signed a letter of intent with Smurfit-Stone Container Corp. (SSCC), Chicago, Illinois, USA. Under the terms of this letter, JSG will exchange its 50% ownership in Smurfit MBI 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 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.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Industry News
Publication:Solutions - for People, Processes and Paper
Date:Mar 1, 2003
Previous Article:"Paper Training" wins Iggesund design award.
Next Article:Nippon switches to waste wood for power.

Related Articles
Smurfit-Stone Container Corporation.
Jefferson Smurfit sets its sights on a new future: with a successful leveraged buyout behind him, Tony Smurfit talks about his new role and the...
Smurfit-Stone Container acquisition final.
JSG deal: sparks widespread speculation.
Jefferson Smurfit Group.
JSG uses extranet for streamline service and information.
Smurfit, Kappa close to merger.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters