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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds Embracer, Foraco, LPP and Wienerberger March 28 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. The moves, part of a broader corporate exodus from Russia, have prompted concerns that Russian companies and institutions are snapping up prize assets at bargain pr
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British Business - March 28

PRESS DIGEST-British Business - March 28 March 28 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The dismissed chief executive of the London stock market's largest gold miner Endeavour Mining EDV.L was involved in a further $15 million of payments to a third-party offshore UAE entity, an investigation has found.
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Packaging deal’s US interloper may end up as pulp

BREAKINGVIEWS-Packaging deal’s US interloper may end up as pulp The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Aimee Donnellan LONDON, March 27 (Reuters Breakingviews) - International Paper IP.N appears to have boxed itself in. On Tuesday, the $13 billion U.S. pulp-to-packaging group said it had proposed an all-share offer to buy London-listed DS Smith SMDS.L , which had already agreed in principle to merge with UK peer Mondi MND
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DS Smith hits over 2-yr high on $7.22 bln offer talks with International Paper

BUZZ-DS Smith hits over 2-yr high on $7.22 bln offer talks with International Paper ** Shares of British paper and packaging company DS Smith SMDS.L up 7.9% at 338.1p, highest since Jan. 21, 2022 ** Co confirmed on Tuesday it is in discussions with International Paper IP.N over an all-stock offer ** IP's offer values SMDS at 5.72 bln pounds ($7.22 bln), at 48% premium to SMDS's closing price on Feb.
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Financial Times - March 27

PRESS DIGEST-Financial Times - March 27 March 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - International Paper's takeover move raises possibility of bidding war for DS Smith - NatWest slashes executive team as it prepares for mass share sale - Tim Davie calls for BBC licence fee reform - UK regulator warns 'finfluencers' to adhere to advertising rules Overview - International Pap
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