Mondi completes buyout of Nordenia
October 05, 2012 - Netherlands
As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi Group”) notify both the JSE Limited (“JSE”) and the London Stock Exchange of matters required to be disclosed under the JSE Listings Requirements and/or the Disclosure Rules and Transparency Rules and/or the Listing Rules of the United Kingdom Listing Authority.
Further to the announcement made on 11 July 2012, Mondi Group confirms that all conditions have been satisfied and today it has completed the acquisition of 99.93% of the outstanding share capital of Nordenia International AG (“Nordenia”) from funds managed by Oaktree Capital Management, L.P. and minority shareholders for a final cash consideration of EUR259 million.
The acquisition of Nordenia offers Mondi Group a unique opportunity to create a leading consumer packaging business, build on long term customer relationships across both businesses and establish a platform to expand further in high-growth emerging markets.
1OCM Luxembourg Nordenia POF S.a r.l. and OCM Luxembourg Nordenia OPPS S.a r.l., each an entity controlled by funds managed by Oaktree Capital Management, L.P.
Mondi is an international packaging and paper Group, with production operations across 29 countries and revenues of EUR5.7 billion in 2011. The Group's key operations are located in central Europe, Russia and South Africa and as at the end of 2011, Mondi Group employed 23,400 people.
Further to the announcement made on 11 July 2012, Mondi Group confirms that all conditions have been satisfied and today it has completed the acquisition of 99.93% of the outstanding share capital of Nordenia International AG (“Nordenia”) from funds managed by Oaktree Capital Management, L.P. and minority shareholders for a final cash consideration of EUR259 million.
The acquisition of Nordenia offers Mondi Group a unique opportunity to create a leading consumer packaging business, build on long term customer relationships across both businesses and establish a platform to expand further in high-growth emerging markets.
1OCM Luxembourg Nordenia POF S.a r.l. and OCM Luxembourg Nordenia OPPS S.a r.l., each an entity controlled by funds managed by Oaktree Capital Management, L.P.
Mondi is an international packaging and paper Group, with production operations across 29 countries and revenues of EUR5.7 billion in 2011. The Group's key operations are located in central Europe, Russia and South Africa and as at the end of 2011, Mondi Group employed 23,400 people.