June 4, 2018 / 6:29 AM / 6 months ago

REFILE-Britain's DS Smith offers to buy Spanish Europac in $2.2 bln deal

(Refiles to correct slug)

June 4 (Reuters) - UK-based packaging group DS Smith Plc has offered to buy Spanish rival Europac for an enterprise value of 1.9 billion euros ($2.2 billion) to strengthen its business in western Europe and its supply chain, it said on Monday.

“Europac’s Board of Directors has confirmed that the acquisition is friendly and attractive,” DS Smith said in a statement, adding that it had received undertakings to accept the offer from shareholders owning 58.97 percent of the company. ($1 = 0.8557 euros) (Reporting By Justin George Varghese in Bengaluru Editing by Georgina Prodhan)

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