Europapier is a leading paper merchant in Austria and has leading market positions in Bosnia Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia and Slovenia.

The shares in Europapier are to be sold for a consideration of EUR60 million on a cash and debt free basis. The consideration will be satisfied in cash at completion and will be used to reduce Mondi’s net debt. The value of the gross assets subject to the divestiture amounted to EUR151 million as of 31 December 2009. Europapier’s losses before tax for the year ended 31 December 2009 were EUR6.5 million. The loss on disposal of the business will be around EUR25 million and will be accounted for as a non operating special item.

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