Mondi Group has signed an agreement for the sale of its recycled containerboard mill and related recycling operations located in Raubling, Germany, to the Heinzel Group for an enterprise value of €25 million on a debt and cash free basis.
The transaction remains subject to competition clearance and is expected to complete by the end of 2015.
The sale enables Mondi to focus on the development of its core containerboard operations in line with its strategy.
Source: Mondi
VEOLIA has agreed a deal to buy its rival Suez, ending a fraught takeover battle that merges the world’s two largest water and wastewater companies.
Borealis Group AG has commenced a new project to secure an increased supply of chemically recycled feedstock for the production of more circular base chemicals and polyolefin-based products.
The call is part of a campaign by Ceres, a nonprofit organization transforming the economy, and the We Mean Business coalition – a global, nonprofit coalition that collaborates with progressive businesses, to bolster action on climate change towards a zero-carbon economy.
