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packaging-company|paper|packaging|solutions|operations

Mondi to sells packaging converting operations in Russia for €24m

15th December 2022

By: Chanel de Bruyn

Creamer Media Senior Deputy Editor Online

     

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Pulp and paper company Mondi has entered into an agreement to sell its

three Russian packaging converting operations to Russian packaging producer Gotek Group for about €24-million, payable in cash.

The three packaging converting operations comprise a corrugated solutions plant and two consumer flexibles plants, producing a range of packaging solutions for the domestic Russian market.

The loss on the disposal is expected to be in the range of €70-million to €80-million.

Edited by Creamer Media Reporter

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