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BRIEF-Mayr-Melnhof Karton To Acquire Kwidzyn (Poland) Mill For EUR 670 Million

BY Reuters
— 12:34 AM ET 02/12/2021

Feb 12 (Reuters) - Mayr Melnhof Karton AG:

* MAYR-MELNHOF KARTON TO ACQUIRE KWIDZYN (POLAND) MILL FROM INTERN ...

* HAS AGREED TO ACQUIRE INTERNATIONAL PAPER (POLAND) HOLDING SP. Z.O.O. ("KWIDZYN") FROM INTERNATIONAL PAPER FOR A DEBT AND CASH FREE AMOUNT OF AROUND EUR 670 MILLION

* ADDITIONALLY ASSUMING CA. EUR 33 MILLION OF USUFRUCT AND OPERATING LEASE LIABILITIES ACCORDING TO IFRS TREATMENT.

* PROPOSED TRANSACTION WILL BE IMMEDIATELY EARNINGS ACCRETIVE.

* CLOSING OF TRANSACTION IS EXPECTED IN Q3 2021. Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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