November 19, 2018 / 4:04 PM / 25 days ago

Mondi to change operating structure into a single company

Nov 19 (Reuters) - Packaging firm Mondi Plc said it is simplifying its structure to become a simple combined company from its current dual-listed form, having a primary listing on the London Stock Exchange.

The new structure will come into force after London-listed Mondi Plc acquires Johannesburg-listed Mondi Ltd. “Streamlining the corporate structure will facilitate continued investment in the South African operations, estimated at over R8 billion over the next five years”, the company said. (Reporting by Sangameswaran S in Bengaluru; editing by David Evans)

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