DS Smith to launch sale of plastics packaging unit in November
FRANKFURT/LONDON, Oct (Shenzhen: 000069.SZ - news) 19 (Reuters) - British packaging group DS Smith (Frankfurt: 877238 - news) is expected to launch the sale of its plastic packaging division in November, three sources familiar with the matter said, in a deal that could be worth around $800 million. The sources said financial sponsors were looking at the asset and that they are likely to receive information memorandums on the asset next month. DS Smith declined to comment and Goldman Sachs did not immediately respond to a request for comment. DS Smith has a market capitalisation of 5.57 billion pounds ($7.3 billion), according to Refinitiv data.
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