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)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
14 September 2012
As part of the dual listed company structure, Mondi Limited and Mondi plc
(together "Mondi Group") notify both the JSE Limited ("JSE") and the London
Stock Exchange of matters required to be disclosed under the JSE Listings
Requirements and/or the Disclosure Rules and Transparency Rules and/or the
Listing Rules of the United Kingdom Listing Authority.
Mondi Group to acquire Duropack's operations in Germany and the Czech Republic
Mondi Group has signed an agreement with Duropack GmbH ("Duropack"), for the
acquisition of Duropack's operations (the "Operations") in Germany and the
Czech Republic (the "Acquisition"), which consist of 2 corrugated box plants
and one recycled containerboard mill. The two corrugated box plants consume
approximately 130 thousand tonnes of containerboard per annum while the
recycled containerboard mill is capable of producing 105 thousand tonnes per
annum.
The consideration to be paid for 100% of the Operations amounts to EUR125m and
will be paid in cash at completion. Mondi Group will assume approximately EUR5m
net cash as of the same date, implying an enterprise value of EUR120m. For the
year ended 31 December 2011, the Operations generated unaudited pro forma
consolidated revenues of EUR160m and unaudited pro forma consolidated adjusted
EBITDA of EUR23m.
The consideration payable for the Acquisition will be funded from existing
resources available to Mondi Group. The Acquisition is in line with Mondi
Group's strategy to strengthen its leading market position in corrugated
packaging in central and eastern Europe. The completion of the deal is
conditional on the approval by the relevant competition authorities and other
customary closing conditions.
/ends
Contact:
Mondi Group
Kerry Crandon Cooper
Group Communications Manager
Tel: +27 (0)11 994 5425 or +27 (0)83 389 3738
E-mail: kerry.crandon@mondigroup.com
Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail: andrew.king@mondigroup.com
About Mondi:
Mondi is an international packaging and paper Group, with production operations
across 28 countries and revenues of EUR5.7 billion in 2011. The Group's key
operations are located in central Europe, Russia and South Africa and as at the
end of 2011, Mondi employed 23,400 people.
Mondi is fully integrated across the paper and packaging process, from the
growing of wood and the manufacture of pulp and paper (including recycled
paper), to the conversion of packaging papers into corrugated packaging,
industrial bags and coatings. The Group is principally involved in the
manufacture of packaging paper, converted packaging products and uncoated fine
paper (UFP).
Mondi has a dual listed company structure, with a primary listing on the JSE
Limited for Mondi Limited under the ticker code MND and a premium listing on
the London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group
has been recognised for its sustainability through its inclusion in the
FTSE4Good UK, Europe and Global indices since 2008 and the JSE's Socially
Responsible Investment (SRI) Index since 2007.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
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