Mondi completes acquisition of Nordenia

Mondi said all the conditions have been satisfied and the acquisition of 99.93% of the outstanding share capital of Nordenia International from funds managed by Oaktree Capital Management has been completed.

"The acquisition of Nordenia offers Mondi Group a unique opportunity to create a leading consumer packaging business‚ build on long term customer relationships across both businesses and establish a platform to expand further in high-growth emerging markets‚" the group said.