UK's Mondi to sell personal care business to Japan's Nitto Denko in $699 mln deal

NITTO DENKO

17/02/2022 07:28

Feb 17 (Reuters) - Paper and packaging company Mondi Plc
 MNDI.L  said on Thursday it would sell its personal care
components business to Japan's Nitto Denko Corp  6988.T , as the
UK-based group focuses on building its core packaging and paper
divisions.
    The London-listed company said it would sell the business
for 615 million euros ($698.58 million).



($1 = 0.8804 euros)

 (Reporting by Muhammed Husain in Bengaluru; Editing by Rashmi
Aich)
 ((Muhammed.Husain@thomsonreuters.com;))