International Paper (IP) has entered into an agreement to sell its 90% ownership interest in Olmuksan International Paper to Mondi Group, for approximately €66 million.
The transaction—expected to close in the first half of 2021—is subject to certain conditions & regulatory approvals. The Olmuksan business includes corrugated packaging facilities in Turkey with an approximate annual revenue of €150 million.
The transaction—expected to close in the first half of 2021—is subject to certain conditions & regulatory approvals. The Olmuksan business includes corrugated packaging facilities in Turkey with an approximate annual revenue of €150 million.