Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €۳۰.4m from this disposal into its Austrian bank account.
خواندن ادامه مطلبآرشیو برچسب های: domestic Russian market
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Essity has signed an agreement with a buyer and the transaction has been approved by the Russian authorities, it said, adding that the deal was expected to be finalised during the second quarter of 2023.
The world’s second-biggest consumer tissue maker began work on exiting the Russian market in April, after taking a writedown of about 1.7 billion crowns ($157.25 million) on its assets in the country, the statement added.
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The Russian packaging sector is facing with the deepest crisis in its modern history, as the ongoing military conflict between Ukraine and Russia and unprecedented sanctions, imposed on the country have resulted in the massive exodus of global packaging producers from the local market and posed a threat of the shortage of packaging in the country.
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