Mondi
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Mondi Group to sell its Russian assets
The board of Mondi Group announced its decision to divest the group’s Russian assets. According to the group, as of 31 December 2021, the net asset value of the Russian operations was Euro 687 million. "Mondi remains profoundly concerned about the war in Ukraine and is shocked by the humanitarian impact. We express our deepest sympathy to all those affected by the ongoing hostilities, reiterating our call for an urgent cessation and a peaceful resolution", said the company in the first quarter report. The divestment process for Russian assets is operationally and structurally complex and is being undertaken in an evolving political and regulatory environment. "Accordingly, there can be no certainty when a transaction will be completed or as to the structure of any possible transaction", said the company in the report. The Russian businesses have, to date, managed supply chain... Continue reading
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May 6, 2022
Mondi Group to sell its Russian assets
The board of Mondi Group announced its decision to divest the group’s Russian assets. According to the group, as of 31 December 2021, the net asset value of the Russian operations was Euro 687 million. "Mondi remains profoundly concerned about the war in Ukraine and is shocked by the humanitarian impact. We express our deepest sympathy to all those affected by the ongoing hostilities, reiterating our call for an urgent cessation and a peaceful resolution", said the company in the first quarter report. The divestment process for Russian assets is operationally and structurally complex and is being undertaken in an evolving political and regulatory environment. "Accordingly, there can be no certainty when a transaction will be completed or as to the structure of any possible transaction", said the company in the report. The Russian businesses have, to date, managed supply chain... Continue reading
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Mondi Group to sell its Russian assets
The board of Mondi Group announced its decision to divest the group’s Russian assets. According to the group, as of 31 December 2021, the net asset value of the Russian operations was Euro 687 million. "Mondi remains profoundly concerned about the war in Ukraine and is shocked by the humanitarian impact. We express our deepest sympathy to all those affected by the ongoing hostilities, reiterating our call for an urgent cessation and a peaceful resolution", said the company in the first quarter report. The divestment process for Russian assets is operationally and structurally complex and is being undertaken in an evolving political and regulatory environment. "Accordingly, there can be no certainty when a transaction will be completed or as to the structure of any possible transaction", said the company in the report. The Russian businesses have, to date, managed supply chain... Continue reading
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Mondi Group to sell its Russian assets
The board of Mondi Group announced its decision to divest the group’s Russian assets. According to the group, as of 31 December 2021, the net asset value of the Russian operations was Euro 687 million. "Mondi remains profoundly concerned about the war in Ukraine and is shocked by the humanitarian impact. We express our deepest sympathy to all those affected by the ongoing hostilities, reiterating our call for an urgent cessation and a peaceful resolution", said the company in the first quarter report. The divestment process for Russian assets is operationally and structurally complex and is being undertaken in an evolving political and regulatory environment. "Accordingly, there can be no certainty when a transaction will be completed or as to the structure of any possible transaction", said the company in the report. The Russian businesses have, to date, managed supply chain... Continue reading