IN BRIEF: Mondi completes EUR40 million acquisition of Duino mill

Thu, 12th Jan 2023 13:19

Mondi PLC - Weybridge, England-based paper and packaging firm - Completes acquisition of the Duino mill from Italian paper manufacturer Burgo Group, for EUR40 million.

In August 2022, Mondi agreed to buy the mill. The mill currently operates one paper machine that produces lightweight coated mechanical paper. It is located near Trieste in Italy.

Current London stock price: 1,496.50 pence each, up 1.7% on Thursday afternoon

12-month change: down 21%

Current Johannesburg stock price: ZAR306.28, up 1.5%

12-month change: down 23%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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