# 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.

- Type: Acquisition
- Announced: 2018-08-05
- Where: near Cairo, Egypt
- Value: $16.0M (284.0M EGP)
- Status: completed
- Products: industrial bags

## Companies

- [Mondi Group](https://endata.com/companies/896.md) (acquirer)
- [Suez Bags](https://endata.com/companies/3693.md) (target)

## Sources

- [mondigroup.com](https://www.mondigroup.com/news-and-insight/2018/mondi-group-acquires-suez-bags-egypt/), 2018-08-05: "Mondi now owns 96% of the company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.