https://www.engineeringnews.co.za
Packaging|Paper|Safety|Equipment|Packaging|Operations
Packaging|Paper|Safety|Equipment|Packaging|Operations
packaging-company|paper|safety|equipment|packaging|operations

Mondi completes sale of three assets in Russia

3rd July 2023

By: Cameron Mackay

Creamer Media Senior Online Writer

     

Font size: - +

This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.

Packaging and paper manufacturer Mondi confirms that the sale of its three Russian packaging converting operations to safety equipment supplier Gotek Group for Rb1.6-billion has been completed.

Mondi has received net proceeds of €30.4-million from this disposal into its Austrian bank account.

The net proceeds from the sale of all Mondi’s Russian assets will be distributed to shareholders as soon as reasonably practicable following receipt, once the company’s exit from Russia has been completed.

The proposed disposal of Mondi Syktyvkar – Mondi’s most significant facility in Russia – is not connected with this disposal and the company’s board says it remains committed to divest Syktyvkar.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.34 0.392s - 160pq - 2rq
Subscribe Now