On 10 July 2012, the funds managed by Oaktree Capital Management LLC, which is the majority shareholder of NORDENIA INTERNATIONAL AG (“NORDENIA”) since 2006, a multinational manufacturer of consumer packaging solutions and hygiene components, agreed to sell NORDENIA to Mondi Group, subject to the approval of competition authorities and customary closing conditions. This was announced by Mondi Group today (11 July 2012) in a stock exchange announcement (www.mondigroup.com/announcement11July). The completion of the acquisition is expected in the fourth quarter of 2012. After completion of the transaction, it is planned that the existing management team of NORDENIA will lead the combined Consumer Packaging business unit from its current headquarter in Greven, Germany. NORDENIA’s companies (see below) will then also belong to the holding of the Mondi Group.
Oaktree agrees to sell NORDENIA
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