Mondi Group acquires control of Suez Bags in Egypt

Mondi completed the acquisition of a control position in Egyptian industrial bags producer Suez Bags, now owning 96%. The equity value is EGP 284 million (about EUR 13.6 million) on a 100% basis, and the business will be integrated into Mondi's Fibre Packaging business.

“Mondi now owns 96% of the company.”mondigroup.com

• 1 source
• mondigroup.comMondi Group acquires Suez Bags (Egypt)Aug 5, 2018

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