{"id":8036,"date":"2012-02-16T14:08:35","date_gmt":"2012-02-16T12:08:35","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-mondi-makes-373-8-mln-offer-for-rest-of-mondi-swiecie\/"},"modified":"2012-02-16T14:08:35","modified_gmt":"2012-02-16T12:08:35","slug":"update-1-mondi-makes-373-8-mln-offer-for-rest-of-mondi-swiecie","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-mondi-makes-373-8-mln-offer-for-rest-of-mondi-swiecie\/","title":{"rendered":"UPDATE 1-Mondi makes $373.8 mln offer for rest of Mondi Swiecie"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* To buy remaining 34 pct of Mondi Swiecie<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Mondi Swiecie up 3.15 pct, Mondi down<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 16 (Reuters) &#8211; South African paper<br \/>\nmaker Mondi said on Thursday it had made a 1.2 billion<br \/>\nzloty ($373.81 million) all-cash offer for the remaining 34<br \/>\npercent in Warsaw-listed Mondi Swiecie to gain full<br \/>\ncontrol of the maker of container board.<\/p>\n<p><span><\/span><\/p>\n<p>Mondi, which is also listed in London, offered 69<br \/>\nzlotys per share, for the remaining 17 million shares it does<br \/>\nnot already own.<\/p>\n<p><span><\/span><\/p>\n<p>That represents a premium of 15.6 percent over the share&#8217;s<br \/>\nthree-month average price.  Mondi Swiecie shares were up 3.15<br \/>\npercent at 72.15 zlotys at 0939 GMT.<\/p>\n<p><span><\/span><\/p>\n<p>The offer is expected to be concluded by mid-April. Mondi<br \/>\nSwiecie would be delisted from the Warsaw stock exchange after<br \/>\nthe deal is completed.<\/p>\n<p><span><\/span><\/p>\n<p>Mondi said it would pay for the shares from existing cash<br \/>\nresources and committed bank facilities.<\/p>\n<p><span><\/span><\/p>\n<p>Mondi Swiecie, a leading manufacture of virgin and recycled<br \/>\ncontainer board in Central Eastern Europe, produced 1,333<br \/>\nthousand tonnes of the product at its operations in Swiecie,<br \/>\nPoland, in 2011 and currently employes around 1,020 people.<\/p>\n<p><span><\/span><\/p>\n<p>Mondi was down 1.79 percent at 67 rand by 0942 GMT in<br \/>\nJohannesburg, compared with a 0.75 percent fall in the JSE<br \/>\nAll-Share index.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* To buy remaining 34 pct of Mondi Swiecie * Mondi Swiecie up 3.15 pct, Mondi down JOHANNESBURG Feb 16 (Reuters) &#8211; South African paper maker Mondi said on Thursday it had made a 1.2 billion zloty ($373.81 million) all-cash offer for the remaining 34 percent in Warsaw-listed Mondi Swiecie to gain full control of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8036","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8036"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8036\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}