JSE Listed Company Mondi Completes Duino Mill Acquisition
JSE Listed Company Mondi Completes Duino Mill Acquisition. Following the announcement on 16 August 2022, Mondi plc confirms that it hascompleted the acquisition of the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of €40 million.
Mondi is a global leader in packaging and paper, contributing to a better world by making innovative solutions that are sustainable by design. Its business is integrated across the value chain – from managing forests and producing pulp, paper and films, to developing and manufacturing sustainable consumer and industrial packaging solutions using paper where possible, plastic when useful. Sustainability is at the centre of its strategy, with its ambitious commitments to 2030 focused on circular driven solutions, created by empowered people, taking action on climate.
Duino MIll power station is a 120-megawatt (MW) gas-fired power plant in the province of UTI Giuliana, Italy. The company was previously owned by the Burgo Group, which is one of the leading producers of graphic and specialty papers, collaborating closely with all the most important European markets.
In 2021, Mondi had revenues of €7.0 billion and underlying EBITDA of €1.2 billion from continuing operations, and employed 21,000 people worldwide. Mondi has a premium listing on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP).
