April 30, 2018 / 6:26 AM / 2 years ago

Packaging group Mondi to acquire Egypt-based industrial bags producer

JOHANNESBURG, April 30 (Reuters) - Mondi will acquire a privately-owned industrial bags producer operating in Egypt for 23.7 million euros ($28.75 million), it said on Monday as the packaging group expands deeper into the Middle East region.

Mondi, which is also listed in London, said in a statement it will buy all shares in National Company for Paper Products and Import & Export S.A.E (NPP) on a debt and cash free-basis. ($1 = 0.8245 euros) (Reporting by Nqobile Dludla, editing by Louise Heavens)

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