Mondi PLC Further re acquisition of Olmuksan

 
TIDMMNDI 
 
Mondi plc 
(Incorporated in England and Wales) 
(Registered number: 6209386) 
LEI: 213800LOZA69QFDC9N34 
LSE share code: MNDI                       ISIN: GB00B1CRLC47 
JSE share code: MNP 
 
1 June 2021 
 
Mondi completes acquisition of Olmuksan 
 
Further to the announcement made on 5 January 2021, Mondi confirms that all 
conditions have been satisfied and it has completed the acquisition of 90.38% 
of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve 
Ticaret A.S ("Olmuksan" or the "Company") from International Paper for a total 
consideration of ?66 million. The implied enterprise value on a 100% basis 
would amount to around ?88 million. 
 
Olmuksan is a leading and well-established corrugated packaging player in 
Turkey, listed on the Istanbul stock exchange. Its network of five plants 
provides a diverse customer base with high-quality sustainable packaging for 
food, beverage, agriculture and industrial applications. 
 
Commenting on the acquisition, Andrew King, Group Chief Executive Officer of 
Mondi, said: "We are delighted to have completed this acquisition, which 
significantly strengthens our position in the fast-growing Turkish corrugated 
market and expands our offering to existing and new customers in the region. We 
look forward to welcoming the Olmuksan team to Mondi." 
 
Mondi will now launch a mandatory tender offer to acquire the remaining 9.62% 
of outstanding shares in the company that it does not already own. 
 
Contact details: 
 
Mondi Group 
 
Clara Valera                               [phone] 
Group Head of Strategy and Investor 
Relations 
 
Suvra Jans                                 [phone] 
Senior Media Relations Manager 
 
About Mondi 
 
Mondi is a global leader in packaging and paper, contributing to a better world 
by making innovative packaging and paper solutions that are sustainable by 
design. Our business is integrated across the value chain - from managing 
forests and producing pulp, paper and plastic films, to developing and 
manufacturing effective industrial and consumer packaging solutions. 
Sustainability is at the centre of our strategy and intrinsic in the way we do 
business. We lead the industry with our customer-centric approach, 
EcoSolutions, where we ask the right questions to find the most sustainable 
solution. In 2020, Mondi had revenues of ?6.66 billion and underlying EBITDA of 
?1.35 billion. 
 
Mondi has a premium listing on the London Stock Exchange (MNDI), and a 
secondary listing on the JSE Limited (MNP). 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. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 01, 2021 02:00 ET (06:00 GMT)