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