Mondi PLC Further re acquisition of NPP
June 20 2018 - 11:30AM
UK Regulatory
TIDMMNDI
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
20 June 2018
As part of the dual listed company structure, Mondi Limited and Mondi plc
(together "Mondi Group", the "Group" or "Mondi") notify both the JSE Limited
and the London Stock Exchange of matters required to be disclosed under the
Listings Requirements of the JSE Limited and / or the Disclosure Guidance and
Transparency Rules and the Listing Rules of the United Kingdom Listing
Authority.
Mondi Group completes the acquisition of NPP in Egypt
Further to the announcement made on 30 April 2018, Mondi confirms that all
conditions have been satisfied and it has completed the acquisition of National
Company for Paper Products and Import & Export S.A.E ("NPP"), for a total
consideration of EGP510 million (EUR24 million) on a debt and cash free-basis.
NPP operates an industrial bags plant in Giza near Cairo (Egypt), serving
regional customers. The business will be integrated into Mondi's Fibre
Packaging Business Unit, which is a leading producer of industrial bags with
four plants in the Middle East.
Commenting on the acquisition, Erik Bouts, CEO Fibre Packaging, Mondi Group,
said: "We are excited to have completed this acquisition, which complements our
existing network in the growing Middle East region and allows us to grow our
business and better serve our customers."
Contact details:
Mondi Group
Andrew King +44 193 282 6355
Group CFO
Clara Valera +44 193 282 6357
Group Head of Strategy and Investor
Relations
Kerry Cooper +44 193 282 6323
Senior Manager - External Communication
About Mondi
Mondi is a global leader in packaging and paper, delighting its customers and
consumers with innovative and sustainable packaging and paper solutions. Mondi
is fully integrated across the packaging and paper value chain - from managing
forests and producing pulp, paper and plastic films, to developing and
manufacturing effective industrial and consumer packaging solutions.
Sustainability is embedded in everything Mondi does. In 2017, Mondi had
revenues of EUR7.10 billion and underlying EBITDA of EUR1.44 billion.
Mondi has a dual listed company structure, with a primary listing on the JSE
Limited for Mondi Limited under the ticker MND, and a premium listing on the
London Stock Exchange for Mondi plc, under the ticker MNDI. 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.
END
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