Austrian group Mondi has completed the main part of the transaction for the sale of a significant asset in Russia – Mondi Syktyvkar LPK JSC. According to this TASSThe company received 57 billion rubles from the buyer Cesar group.
The remaining part of the payment, amounting to 23 billion rubles, will be paid in two equal tranches in November and December 2023. Thus, Mondi completed its complete exit from the Russian business.
Earlier, in September, Mondi announced the sale of the Syktyvkar forestry complex to the Cesar group for 80 billion rubles. Initially, in August, the company agreed to sell the business to another buyer for 95 billion rubles, but the deal fell through.
Syktyvkar timber processing plant is Russia’s largest producer of paper and cardboard, employing about 4.5 thousand people. The company’s revenue in 2022 amounted to 1.085 billion euros.
Recently it became known that there is a Danish company. terminated Due to licensing agreements with the Russian producer, bottling under the international Tuborg, Kronenbourg and Holsten brands is now prohibited. The source noted that this decision was taken by Carlsberg in reaction to Putin’s decision to transfer Baltika’s assets to state ownership. Copenhagen emphasized that they no longer see the possibility of negotiating with the Russian side on exiting the market.
Previously Raiffeisenbank and Uniqa To agree Regarding the sale of Raiffeisen Life.