Mondi to acquire majority stake in Turkish packaging firm Kalenobel
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South African-based Mondi, also listed in London, has signed an agreement for the acquisition of 90% of the outstanding share capital in Kalenobel from ARGUS Capital, a CEE focused private equity group, and M. Olcay Hephiz, one of the company’s founders, for a consideration of around EUR90 million on a debt-and-cash-free basis (consideration for 90% of the business).