|
Mondi PLC said on Monday its shareholders had approved a special dividend following the sale of Joint Stock Co Mondi Syktyvkar in Russia early in December. The Weybridge, England-based packaging firm had said in the middle of December it planned to return about €775 million in the form of the special payout after selling Syktyvkar to Sezar Invest LLC in October. This translates to the special dividend of €1.60 per share. At a general meeting held on Monday, the company said shareholders had endorsed the special dividend and the share consolidation. The packaging firm confirmed early in December it had received 80₽ billion, about $888.8 million, from the sale of Syktyvkar, its last remaining facility in Russia. The total sum includes the two remaining instalments in November and December, totalling 23₽ billion in aggregate. The proceeds had all been converted into euros. Back in July, Mondi sold its three Russian packaging converting operations to Gotek Group for €30.4 million. The net proceeds from the sale of Syktyvkar sold and the three converting operations amount to about €775 million. Mondi first announced in March 2022 it was assessing all options for its interests in Russia after Moscow launched an invasion of Ukraine the previous month. Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
