MONDI PLC - Further re acquisition of NPP
PR Newswire
London, June 20
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
20 June 2018
As part of the dual listed company structure, Mondi Limited and Mondi plc (together "Mondi Group", the "Group" or "Mondi") notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and / or the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority.
Mondi Group completes the acquisition of NPP in Egypt
Further to the announcement made on 30 April 2018, Mondi confirms that all conditions have been satisfied and it has completed the acquisition of National Company for Paper Products and Import & Export S.A.E ("NPP"), for a total consideration of EGP510 million (€24 million) on a debt and cash free-basis.
NPP operates an industrial bags plant in Giza near Cairo (Egypt), serving regional customers. The business will be integrated into Mondi's Fibre Packaging Business Unit, which is a leading producer of industrial bags with four plants in the Middle East.
Commenting on the acquisition, Erik Bouts, CEO Fibre Packaging, Mondi Group, said: "We are excited to have completed this acquisition, which complements our existing network in the growing Middle East region and allows us to grow our business and better serve our customers."
Contact details:
| Mondi Group | |
| Andrew King Group CFO | +44 193 282 6355 |
| Clara Valera Group Head of Strategy and Investor Relations | +44 193 282 6357 |
| Kerry Cooper Senior Manager - External Communication | +44 193 282 6323 |
About Mondi
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions. Mondi is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is embedded in everything Mondi does. In 2017, Mondi had revenues of €7.10 billion and underlying EBITDA of €1.44 billion.
Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker MND, and a premium listing on the London Stock Exchange for Mondi plc, under the ticker MNDI. Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.
Sponsor in South Africa: UBS South Africa Proprietary Limited.
