In a transaction valued at approximately £400 million, DS Smith completed the sale of its plastic packaging division DS Smith, Plastics Division, to flexible packaging producer Liquibox, a portfolio company of Olympus Partners. The acquired division includes both the rigid and flexible packaging businesses. The transaction is seen as a step towards reinforcing DS Smith's position as a leader in sustainable fibre-based packaging. Kambourov & Partners successfully advised on the Bulgarian aspects of the sale of DS Smith's plastic packaging business, i.e. sale of the Bulgarian subsidiary.
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