Mondi Completes Acquisition of Mondi Swiecie

Mondi Group, South Africa, reports that it has completed acquiring the remaining 3,407,257 shares in Mondi Swiecie S.A. it did not already own following the completion of the all cash public tender offer concluded last month. Mondi Group now owns 100% of Mondi Swiecie.

The amount paid for the remaining shares by Mondi Group was EUR 59 million. The aggregate consideration paid by Mondi Group for those shares representing 34% of the share capital of Mondi Swiecie, which Mondi Group did not already own before making the offer, was EUR 294 million..

Mondi is a global paper and packaging group, with production operations across 28 countries and revenues of EUR 5.7 billion in 2011. The group's key operations are located in central Europe, Russia, and South Africa and as at the end of 2011, the company employed 23,400 people. The Group is principally involved in the production of packaging paper, converted packaging products, and uncoated fine paper.

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