Mondi sells German containerboard mill
Thursday, October 29, 2015 9:45 am
LONDON (From Alliance News) -- Anglo-South African paper and packaging company Mondi PLC on Thursday said it has struck a deal to sell its Raubling containerboard mill in Germany.
The FTSE 100-listed company said it has signed a deal to sell its operations in Raubling to Heinzel Group, the German paper company, for EUR 25.0 million on a debt and cash free basis.
Mondi said the deal is expected to complete by the end of the year and will allow it to focus on its core containerboard operations.
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