Mondi to sell Mondi Syktyvkar to Sezar Invest

Mondi has found a new buyer for the company’s Syktyvkar mill in Russia. “Exit from Russia” expected to be completed by the end of the year.

Mondi has entered into an agreement to sell Mondi Syktyvkar to Sezar Invest LLC for a total cash consideration of RUB80bn (approximately €775m). The disposal was already approved by the Russian Federation’s Federal Anti-Monopoly Service and the Government Sub-Commission for the Control of Foreign, and the company has been informed that were no further outstanding regulatory conditions in respect of the disposal, Mondi announced.

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