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Corporate
Mondi acquires Unterland Flexible Packaging
Mondi Group (‘Mondi’) has announced that it has completed the transactions to acquire a majority interest in Tire Kutsan, a Turkish corrugated packaging and containerboard business, and 100% of Unterland Flexible Packaging, a consumer flexibles business based in Austria.These two acquisitions were originally announced on 6 July 2007.
In compliance with Turkish legal requirements, Mondi will now apply to the Capital Markets Board in Turkey to make a mandatory tender offer for the remaining shares in Tire Kutsan on the Istanbul Stock Exchange.
