Mondi Group completes acquisition of minority interest in Mondi Swiecie S.A.

As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group) notify both the JSE Limited (JSE) and the London Stock Exchange of matters required to be disclosed under the JSE Listings Requirements and/or the Disclosure Rules and Transparency Rules and/or the Listing Rules of the United Kingdom Listing Authority.
 
Mondi Group announces that on 18 May 2012 it acquired the remaining 3,407,257 shares in Mondi Swiecie S.A. (Mondi Swiecie) it did not already own following the completion of the all cash public tender offer concluded on 18 April 2012. Mondi Group now owns 100% of Mondi Swiecie.
 
The consideration for the remaining 3,407,257 shares paid by Mondi Group was PLN245m (EUR59m). The aggregate consideration paid by Mondi Group for those shares representing 34% of the share capital of Mondi Swiecie which Mondi Group did not already own before making the Offer, was PLN1.2bn (EUR294m).
 
Mondi Group will commence the procedure aimed at the delisting of Mondi Swiecie’s shares from the Warsaw Stock Exchange.

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