EQS-News: Mayr-Melnhof Karton AG: MM Packaging divests production sites in Russia

EQS-News: Mayr-Melnhof Karton AG / Key word(s): Disposal
Mayr-Melnhof Karton AG: MM Packaging divests production sites in Russia

16.12.2022 / 09:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

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The Mayr-Melnhof Group (MM) has sold its two Packaging sites in Russia,
St. Petersburg and Pskov, to the local investor Granelle following
approval by the governmental authorities. The selling price amounts to
approx. EUR 134 million. In 2021, the plants generated combined sales of
approx. EUR 124 million. The transaction is expected to have a neutral
impact on MM’s net profit.

MM is a leading global producer of cartonboard and folding cartons with an
attractive offer in kraft papers and uncoated fine papers for various end
applications. MM promotes sustainable development through innovative,
recyclable packaging and paper products.

For further information, please contact:
Stephan Sweerts-Sporck, Investor Relations
Mayr-Melnhof Karton AG, Brahmsplatz 6, A-1040 Vienna, Austria
Tel.: (+43/1) 50136 – 91180, e-mail: investor.relations@mm.group
Website: https://www.mm.group

 

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16.12.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations@mm.group
Internet: www.mm.group
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic
Board), Munich, Stuttgart; Vienna Stock Exchange (Official
Market)
EQS News ID: 1513039

 
End of News EQS News Service

1513039  16.12.2022 CET/CEST

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