Mondi Group to sell its Russian assets

Mondi Group to sell its Russian assets
The board of Mondi Group announced its decision to divest the group’s Russian assets. According to the group, as of 31 December 2021, the net asset value of the Russian operations was Euro 687 million.  "Mondi remains profoundly concerned about the war in Ukraine and is shocked by the humanitarian impact. We express our deepest sympathy to all those affected by the ongoing hostilities, reiterating our call for an urgent cessation and a peaceful resolution", said the company in the first quarter report.  The divestment process for Russian assets is operationally and structurally complex and ...

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