DS Smith, the recycled packaging company, has seen its shares rise 1% after revealing it has completed the sale of stationery business Spicers.
The deal with Spanish firm Unipapel was announced back in July although the transaction has taken five months to bring to a conclusion.
The deal will net DS Smith £160m and the group now says it will focus on its core packaging business.
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Over the year to date DS Smith is down 2%. Over the last five years it is up just 1.12%.
BS
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