Mondi, the FTSE 250 paper and packaging firm, has reported that its cash public tender offer, made in February and later revised in April, to purchase over 13m in Mondi Swiecie has been successful.
The acquisition of an additional 27.2% of the issued share capital of Mondi Swiecie has raised the firm's total interest in its subdiairy to 93.2%, and has cost Mondi around €235m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
How high earners could boost their pension by thousands and cut childcare costsSalary sacrifice could boost your pension by thousands, while also helping you save on childcare costs. We delve into the numbers.
-
Monzo launches 11 ETFs via Blackrock to help savers investMonzo customers can now invest BlackRock's iShares ETF range via its banking app, making investing more accessible to millions
