Mondi Group intends to demerge Mondi Packaging South Africa (MPSA) by distributing all the shares in MPSA held by Mondi Limited to the Mondi Limited ordinary shareholders. According to Mondi Group, unbundling South African packaging business will endorse MPSA's own strategy and support its core business development. MPSA would be listed under a new name on the JSE Limited (JSE) securities exchange.in Johannesburg. The company includes Mondi’s Packaging and Industrial Paper Operations, its corrugated converting business Mondipak Corrugated, its recovered fibre collection and processing operations Mondi Recycling, Mondipak Plastics, Mondi Versapak, Mondi Plastic Containers and Mondi Merchants Paperlink.
Mondi proposes MPSA demerger
© 2011 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.
Copyright notice The individual articles, tables and other contents published by EUWID are protected by copyright and are provided exclusively for the client's own use and the use of the client's employees. In the absence of a more extensive licence agreement, only one copy may be printed for circulation at a single business location designated by the client. Digital distribution of EUWID contents, especially by intranet or by e-mail, within a company, throughout a group of companies, or outside a company is not permitted and constitutes an infringement of copyright law. Read more in our FAQ.