Mondi – the UK-headquartered global packaging and paper giant with its origins in South Africa – has concluded its exit from Russia with the finalisation of the sale of Mondi Syktyvkar and two other affiliates for RUB 80 billion in cash.
“On 17 September 2023 Mondi plc announced the agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities [together Mondi Syktyvkar] to Sezar Invest LLC… for a total cash consideration of RUB 80 billion,” it noted.
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