Mondi Limited To Acquire 93.4% Of Nordenia International AG

Mondi Limited announced that it has agreed to acquire 93.4% of the outstanding share capital of Nordenia International AG from funds managed by Oaktree Capital Management, L.P. and certain other minority shareholders for a total cash consideration of EUR240 million. In addition, Mondi Group will assume EUR398 million of debt and debt-like liabilities implying an enterprise value for 100% of the Company of EUR655 million. Nordenia is a supplier of consumer packaging solutions and hygiene components with 12 fully invested operating facilities located in seven countries across Europe, North America and Asia. The EUR240 million cash consideration payable for the acquisition will be funded from a new EUR250 million two year committed bank debt facility. The Acquisition is expected to complete in the fourth quarter of 2012.