Paper and packaging group Mondi has reached an agreement to sell off its last remaining facility in Russia to a Moscow-based real estate development company.

The company, valued at about R154bn on the JSE, said on Monday that Mondi Syktyvkar will be sold to Sezar Invest, a subsidiary of the Sezar Group, for RUB80bn (R15.7bn) and that the Russian government has signed off on the cash deal...

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