Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Mayr-Melnhof Karton AG (MM Packaging) is a manufacturer in the paper and packaging industry, based in Vienna, Austria. The company is 65% family owned, with the rest free-float, and is listed on the Vienna Stock Exchange.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedThe Mayr-Melnhof Group (MM) has sold its two Packaging sites in Russia, St. Petersburg and Pskov, to the local investor Granelle following approval by the governmental authorities. The selling price amounts to approx. EUR 134 million. In 2021, the plants generated combined sales of approx. EUR 124 million. The transaction is expected to have a neutral impact on MM’s net profit.
Mayr-Melnhof Group announced the sale of the Russian enterprises it owns for the production of cardboard packaging - "MM Poligrafofromlennya Packaging" and "MM Poligrafofromlennya Rotogravyur".
| July 23, 2023 | |
| MM Packaging divests production sites in Russia |