DS Smith Returns to London Market

DS Smith, a prominent packaging company, is preparing for a return to the London stock market approximately one year after its acquisition by US-based International Paper (IP). IP intends to spin off its Europe, Middle East, and Africa (EMEA) division, a process expected to be finalized within 12 to 15 months. The newly independent entity will operate under the DS Smith name and is slated to have a primary listing on the London Stock Exchange, alongside a listing in New York.

This development signifies a notable reversal of the recent trend where numerous UK-listed companies have been absorbed by foreign buyers. It is anticipated to contribute to increased optimism for the London market, particularly as hopes rise for more initial public offerings (IPOs) following a prolonged period of low activity. The spun-off division will encompass the former DS Smith operations and other IP assets in the EMEA region, allowing the parent company to focus on its North American business.