# Mondi agrees in principle to £5.14bn all-share offer for DS Smith

UK packaging company Mondi reached an agreement in principle on a potential all-share offer for rival DS Smith valued at £5.14 billion, with Mondi shareholders owning 54% of the combined group.

- Type: Acquisition
- Announced: 2024-03-08
- Where: United Kingdom
- Value: $6.57B (5.14B GBP)
- Status: announced
- Products: corrugated packaging, containerboard, paper-based sustainable packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [DS Smith](https://endata.com/companies/221.md) (target)
- [International Paper](https://endata.com/companies/716.md) (partner)
- [Mondi Group](https://endata.com/companies/896.md) (acquirer)
- [Mondi Group](https://endata.com/companies/896.md) (partner)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/mondi-ds-smith-acquisition-agreement/), 2024-03-08: "The combination is an exciting opportunity to create a pan-European industry leader in paper-based sustainable packaging solutions."
- [packaginginsights.com](https://www.packaginginsights.com/news/mondi-ds-smith-merger-agreement-in-principle-reached-to-form-paper-packaging-giant.html), 2024-03-08: "the companies have now revealed an agreement in principle regarding a £5.14 billion (US$6.57 billion) merger"
- [packagingeurope.com](https://www.packagingeurope.com/counterbid-from-international-paper-complicates-mondis-acquisition-plans-for-ds-smith/), 2024-03-27: "International Paper is in discussions with DS Smith surrounding a potential acquisition, raising an offer of over £5 billion"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.