To view the PDF file, sign up for a MySharenet subscription.

MONDI LIMITED - Mondi Group agrees to sell its Raubling containerboard mill

Release Date: 29/10/2015 10:30
Code(s): MND MNP     PDF:  
Wrap Text
Mondi Group agrees to sell its Raubling containerboard mill

Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI



As part of the dual listed company structure, Mondi Limited
and Mondi plc (together “Mondi Group” or “Mondi”) notify both
the JSE Limited and the London Stock Exchange of matters
required to be disclosed under the Listings Requirements of
the JSE Limited and/or the Disclosure Rules and Transparency
Rules and/or the Listing Rules of the United Kingdom Listing
Authority.


Mondi Group agrees to sell its Raubling containerboard mill

Mondi Group has signed an agreement for the sale of its
recycled containerboard mill and related recycling operations
located in Raubling, Germany, to the Heinzel Group for an
enterprise value of €25 million on a debt and cash free basis.

The transaction remains subject to competition clearance and
is expected to complete by the end of 2015.

The sale enables Mondi to focus on the development of its core
containerboard operations in line with its strategy.


Contact:

Mondi Group
Lora Rossler
Group Head of Communications
Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
E-mail: lora.rossler@mondigroup.co.za

Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail: andrew.king@mondigroup.com


About Mondi:
Mondi is an international packaging and paper Group, employing
around 25,000 people across more than 30 countries.    Our key
operations are located in central Europe, Russia, North
America and South Africa.    We offer over 100 packaging and
paper products, customised into more than 100,000 different
solutions for customers and end consumers. In 2014, Mondi had
revenues of €6.4 billion and a return on capital employed of
17.2%.

The Mondi Group is fully integrated across the packaging and
paper value chain - from managing forests and producing pulp,
paper and compound plastics, to developing effective and
innovative industrial and consumer packaging solutions.    Our
innovative technologies and products can be found in a variety
of   applications   including  hygiene   components,  stand-up
pouches, super-strong cement bags, clever retail boxes and
office paper.    Our key customers are in industries such as
automotive; building and construction; chemicals; food and
beverage; home and personal care; medical and pharmaceutical;
packaging and paper converting; pet care; and office and
professional printing.

Mondi has a dual listed company structure, with a primary
listing on the JSE Limited for Mondi Limited under the ticker
code MND and a premium listing on the London Stock Exchange
for Mondi plc, under the ticker code MNDI.

For us, sustainable development makes good business sense. We
don’t just talk about sustainability; we make it part of the
way we work every day. We have been included in the FTSE4Good
Index Series since 2008 and the JSE's Socially Responsible
Investment (SRI) Index since 2007.


29 October 2015

Sponsor in South Africa: UBS South Africa (Pty) Ltd

Date: 29/10/2015 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story