Tag Archives: Syktyvkar

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 readies to sell Russian assets

Potential sale UK- and Austria-based Mondi has announced it has entered into an agreement to sell its Russia-based facility, Mondi Syktyvkar, along with two affiliated entities to Augment Investments Ltd for some RUB 95 billion (€1.5 billion).   “The Disposal is conditional on the approval of the Russian Federation’s Government Sub-Commission for the Control of Foreign […]

Mondi Seeking Divestment of Its Paper and Packaging Operations in Russia

Mondi announced that after having assessed all options for the Group’s interests in Russia and recognizing its corporate values and stakeholder responsibilities, its Board has decided to divest the Group’s Russian assets. Mondi’s most significant facility in Russia is a wholly owned paper mill located in Syktyvkar (Komi Republic). The fully integrated pulp and paper […]