Brief: Mayr-Melnhof Group Acquires Essentra Packaging

Mayr-Melnhof Karton AG

24/06/2022 07:02

June 24 (Reuters) - MAYR MELNHOF KARTON AG  MMKV.VI :
    * ACQUIRES ESSENTRA PACKAGING
    * MAYR-MELNHOF GROUP ACQUIRES ESSENTRA PACKAGING
    * HAS AGREED TO ACQUIRE ESSENTRA PACKAGING (100% OF SHARES
IN ESNT
PACKAGING & SECURING SOLUTIONS LIMITED (UK) AND ITS AFFILIATED
COMPANIES, AS WELL AS 100% OF SHARES IN ESSENTRA PACKAGING US
INC (US)) FROM ESSENTRA PLC (UK) FOR A CASH AND DEBT FREE
CONSIDERATION OF GBP 312 MILLION (CURRENTLY APPROX. EUR 365
MILLION
    * PURCHASE PRICE WILL BE PAID FROM EXISTING CASH RESERVES
AND
COMMITTED CREDIT LINES
    * CLOSING OF TRANSACTION IS EXPECTED IN Q4 2022

Source text for Eikon:  ID:nEQ6qPPk5a 
Further company coverage:  MMKV.VI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))