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Mondi expects to sell Mondi Syktyvkar mill within 12 months
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UK s Mondi posts drop in half-yearly results as demand wanes
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Mondi has announced the termination of a $1.17 billion deal to sell its largest plant in Russia. The plant, JSC Mondi Syktyvkar, located in the Komi Republic, was intended to be sold to an investment vehicle owned by Russian billionaire Viktor Kharitonin. The decision to scrap the deal was made due to a "lack of progress" in obtaining the necessary approvals from Russian authorities, according to Lesprom Network.
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