A Tennessee-based company, IP, which acquired packaging firm DS Smith last year, has announced plans to separate its Europe, Middle East, and Africa (EMEA) division. The spin-off is expected to be completed within the next 15 months and will involve a return to the London stock market.
This move will allow the EMEA division to operate as an independent entity, potentially increasing its visibility and access to capital through public trading in London.
**Why this matters**
The spin-off signals a strategic shift for IP, enabling focused growth and investment in the EMEA packaging market. For the city, it represents a potential boost in market activity and investor interest as a major company re-lists on the London Stock Exchange.
Source: News Source