DS Smith up on successful rights issue

DS Smith, the recycled packaging company, has completed a successful rights issue, raising the money it needs to pay for its purchase of Swedish firm SCA Packaging.

DS Smith, the recycled packaging company, has completed a successful rights issue, raising the money it needs to pay for its purchase of Swedish firm SCA Packaging.

By the deadline at 11:00 yesterday it had received acceptances for 98.61% of the offered shares in the nine-for-eight cash raising exercise.

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