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.
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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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Paper Excellence participated in the “Wood you find it?” event hosted by FSC International in Brussels to discuss the EU Deforestation Regulation (EUDR), approved in April by the European Parliament. Representatives of the European Commission responsible for the approved text, public policy makers, companies, NGOs and FSC leaders discussed together what are the biggest challenges for the implementation of the EUDR.
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