| |
Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this disposal into its Austrian bank account.
The net proceeds from the sale of all our Russian assets will be distributed to shareholders as soon as reasonably practicable following receipt, once our exit from Russia has been completed.
The proposed disposal of Mondi Syktyvkar, Mondi’s most significant facility in Russia, is not connected with the disposal of the three packaging converting operations. The Board remains committed to divest Syktyvkar and continues to assess all alternative divestment options.
About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world by making innovative solutions that are sustainable by design. Our business is integrated across the value chain from managing forests and producing pulp, paper and films, to developing and manufacturing sustainable consumer and industrial packaging solutions using paper where possible, plastic when useful. Sustainability is at the centre of our strategy, with our ambitious commitments to 2030 focused on circular driven solutions, created by empowered people, taking action on climate.
In 2022, Mondi had revenues of €8.9 billion and underlying EBITDA of €1.8 billion from continuing operations, and employed 22,000 people worldwide. Mondi has a premium listing on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP).
Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities.
Media Contact: Richard Mountain (FTI Consulting)
T: +44(0)79 0968 4466
Investors/analysts: Fiona Lawrence, Mondi Group Head of Investor Relations
T: +44(0)74 2587 8683
About the Gotek Group
The Gotek Group (gotek.ru) is one of Russia's largest manufacturers of packaging and packaging materials made of cardboard and flexible polymers. The company has five production sites located in the Kursk, Tula and Leningrad regions. The headquarters is located in Moscow.
The Gotek Group employs about 2,300 people.
The company's activities are aimed at developing and manufacturing packaging solutions that have additional value for customers.
The revenue of the Gotek Group by the end of 2022 amounted to more than 20 billion rubles.
|
chris.gurney[.]mondigroup.com 
