International Paper to Spin Off EMEA Business as DS Smith

International Paper is separating its EMEA Packaging Business into an independent, publicly traded company called DS Smith plc. The company will host a Capital Markets Day in London on November 3, 2026, to detail the new entity's business model, growth strategy, and financial outlook.

DS Smith plc is expected to list on the London Stock Exchange and establish a Level II ADR program on the New York Stock Exchange. Future CEO Tim Nicholls and future CFO Vincent Bonnot will lead the upcoming presentation to investors.

The spin-off remains subject to customary conditions, including approval from the International Paper Board of Directors. The transition also requires regulatory filings with the U.S. Securities and Exchange Commission and the approval of the prospectus by the U.K. Financial Conduct Authority.