Mondi completes acquisition of 90.38% of Turkish packaging maker Olmuksan

Mondi completed the acquisition of a 90.38% stake in Olmuksan International Paper Ambalaj from International Paper for 66 million euros on June 1, 2021. The implied enterprise value on a 100% basis is about 88 million euros.

“Mondi confirms that all conditions have been satisfied and it has completed the acquisition of 90.38% of the outstanding shares in Olmuksan”mondigroup.com

• 4 sources
• mondigroup.comMondi completes acquisition of OlmuksanMay 30, 2021
• engineeringnews.co.zaMondi completes acquisition of Turkish corrugated packaging companyJun 1, 2021
• listcorp.comMondi completes acquisition of Olmuksan - Mondi plc (JSE:MNP) - Listcorp.Jun 1, 2021
• packaging-gateway.comMondi buys majority stake in Olmuksan from International PaperJun 1, 2021

Summarized from public sources; check the original articles before acting on it.