British papermaker to sell last factory in Russia ...News

The deal will finalize Mondi’s withdrawal from the country UK paper and packaging giant Mondi has announced a deal to sell its last remaining plant in Russia, finalizing the company’s withdrawal from the country. According to a statement on Sunday, Mondi has reached a deal for the sale of its Syktyvkar pulp and paper mill to a unit of Moscow-based real estate developer Sezar Group for 80 billion rubles ($825.7 million). The Syktyvkar factory produces uncoated fine paper and containerboard for the domestic Russian market and employs about 4,500 people. It reported revenue of roughly $1.16 billion at the end of 2022

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