Mondi Group completes acquisition of 99.93% of Nordenia International AGPublication Date:
01 October 2012
Mondi Group completes acquisition of 99.93% of Nordenia International AG
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.
1. OCM 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.
Mondi Group is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and paper (including recycled paper), to the conversion of packaging paper into corrugated packaging, industrial bags and coatings.
The Group is principally involved in the manufacture of packaging paper, converted packaging products and uncoated fine paper (UFP).
Mondi Group has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group has been recognised for its sustainability through its inclusion in the FTSE4Good Global, European and UK Index Series (since 2008) and the JSE's Socially Responsible Investment (SRI) Index since 2007. The Group was also included in the FTSE350 Carbon Disclosure Leadership Index for the second year.
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
(Incorporated in England and Wales)
(Registration number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
Sponsor in South Africa: UBS South Africa (Pty) Ltd