WASHINGTON (dpa-AFX) - Mondi Group (MNDI.L) announced the company divested its interest in Aylesford Newsprint Holdings Limited. Mondi Group and Svenska Cellulosa Aktiebolaget have sold their 100% interest in the jointly owned Aylesford Newsprint Holdings Limited to The Martland Holdings. The Martland Holdings is an independent private equity firm which focuses on acquiring non-core divisions of corporations and private companies worldwide. The shares in Aylesford Newsprint were sold for a nominal consideration satisfied in cash at completion.
Aylesford Newsprint, located in Kent, UK, has capacity to produce approximately 400 thousand tonnes of newsprint per annum from 100% recycled fibre. The company supplies the major national newspapers groups in the UK and exports some of its production to mainland Europe.
Mondi Group CEO David Hathorn said 'This disposal allows us to continue to focus on our core businesses, while creating an opportunity for Aylesford to continue supplying newsprint to the major national newspaper groups in the UK'.
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© 2012 AFX News
