# Mondi acquires 96% stake in Egypt's Suez Bags

Mondi has acquired a 96% interest in Egyptian industrial bags producer Suez Bags for EGP 284 million ($15.88 million), to be integrated into its Fibre Packaging business.

- Type: Acquisition
- Announced: 2018-08-09
- Where: Cairo, Egypt
- Value: $15.9M (284.0M EGP)
- Status: completed
- Products: industrial bags
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/mas-week-ipg-mondi-transcendia-ivl-sealed-air-corporation/), 2018-08-09: "Mondi has acquired a 96% interest in Suez Bags for EGP284m ($15.88m) to expand its business in Egypt."

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