Mondi sells share of Aylesford Newsprint at a loss

Paper and packaging group Mondi has, alongside Svenska Cellulosa Aktiebolaget, divested their 100 per cent interest in Kent-based Aylesford Newsprint to an independent private equity firm.

Paper and packaging group Mondi has, alongside Svenska Cellulosa Aktiebolaget, divested their 100 per cent interest in Kent-based Aylesford Newsprint to an independent private equity firm.

The shares were sold for a nominal consideration, which was satisfied in cash at completion. Immediately prior to completion, the firm was recapitalised, with the proceeds used to repay in full its interest bearing debt and leave net cash of £23m.

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