Tag Archives: Mondi Syktyvkar LPK

Russian authorities reject sale of Mondi Syktyvkar mill for Euro 1.5 billion

The Russian authorities have not approved the sale of Mondi’s Syktyvkar mill in the Komi Republic, Russia. A possible reason is too high a transaction price. The Syktyvkar assets were planned to be sold to Augment  Investments Limited for RUB 95 billion (Euro 1.5 billion). Augment is an investment vehicle majority owned by Viktor Kharitonin, comprising […]

Mondi to sell its Syktyvkar plant to Russian billionaire Viktor Kharitonin for $1.5 billion

Mondi Group agreed to sell its Russian Syktyvkar plant to Augment Investments Limited owned by Russian billionaire Viktor Kharitonin for 95 billion rubles ($1.5 billion). The assets in Russia will be transferred to Augment as part of the proposed disposal excluding a cash balance. Mondi’s London-listed shares jumped 11% on the news, as the company said […]

Russian pulp production remains stable in 2021

The volume of industrial production of wood pulp and pulp from other fibrous materials in Russia in 2021 amounted to 8.8 million tons, which is 0.7% more than a year earlier, according to recent data, published by the Russian Federal State Statistics Service (Rosstat).   For the reporting period, the production of paper and cardboard […]