Deals
Mondi Buys Nordenia to Extend Consumer Packaging Business
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Mondi Group, Europe’s largest maker of office paper, agreed to buy Nordenia International AG to boost its consumer packaging business.
Mondi will buy 93.4 percent of Nordenia from Oaktree Capital Management LP for 240 million euros ($294.4 million) in cash and will take on 398 million euros of debt and liabilities, implying a value for the whole company of 655 million euros, Mondi said in a statement today. The cash payment will be funded from a new 250 million euro two-year bank facility, Johannesburg-based Mondi said.