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.

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.