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Mondi completes acquisition of Olmuksan
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00B1CRLC47
JSE share code: MNP
1 June 2021
Mondi completes acquisition of Olmuksan
Further to the announcement made on 5 January 2021, Mondi confirms that all conditions have been
satisfied and it has completed the acquisition of 90.38% of the outstanding shares in Olmuksan
International Paper Ambalaj Sanayi ve Ticaret A.S (“Olmuksan” or the “Company”) from International
Paper for a total consideration of €66 million. The implied enterprise value on a 100% basis would
amount to around €88 million.
Olmuksan is a leading and well-established corrugated packaging player in Turkey, listed on the
Istanbul stock exchange. Its network of five plants provides a diverse customer base with high-quality
sustainable packaging for food, beverage, agriculture and industrial applications.
Commenting on the acquisition, Andrew King, Group Chief Executive Officer of Mondi, said: “We are
delighted to have completed this acquisition, which significantly strengthens our position in the fast-
growing Turkish corrugated market and expands our offering to existing and new customers in the
region. We look forward to welcoming the Olmuksan team to Mondi."
Mondi will now launch a mandatory tender offer to acquire the remaining 9.62% of outstanding shares
in the company that it does not already own.
Contact details:
Mondi Group
Clara Valera +44 193 282 6357
Group Head of Strategy and Investor Relations
Suvra Jans +44 1932 826 333
Senior Media Relations Manager
About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world by making innovative
packaging and paper solutions that are sustainable by design. Our business is integrated across the
value chain – from managing forests and producing pulp, paper and plastic films, to developing and
manufacturing effective industrial and consumer packaging solutions. Sustainability is at the centre of
our strategy and intrinsic in the way we do business. We lead the industry with our customer-centric
approach, EcoSolutions, where we ask the right questions to find the most sustainable solution. In
2020, Mondi had revenues of €6.66 billion and underlying EBITDA of €1.35 billion.
Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing on the
JSE Limited (MNP). Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good
Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.
Sponsor in South Africa: UBS South Africa Proprietary Limited.
Date: 01-06-2021 08:00:00
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