South Africa's Mondi to buy Russian packaging firm Beepack



South Africa's Mondi (MNDJ.J) has signed an agreement to acquire Beepack from a private investor for 41 million euros (37 million pounds) as part of plans to expand its packaging business, the paper group said on Monday.
Mondi, which is also listed in London (MNDI.L), expects to complete the transaction in the fourth quarter, with CEO David Hathorn saying that the Russian business will support the development of Mondi's Corrugated Packaging operations in central and eastern Europe.
"It enables us to enter a market with strong growth potential while expanding our geographic reach to... read more

 
10 October 2016 in Business, Views: 38
Source: Reuters
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