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Transactions > All Transactions > Frantschach

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February 2004

Frantschach

Anglo American plc has concluded an agreement to acquire the remaining 30% minority interest in Frantschach AG for a total consideration of EUR 320 million comprising approximately 8.2 million Anglo American shares and a cash consideration of EUR 160 million, valuing the whole company at over EUR 1.6 billion. Frantschach becomes 100% owned by Anglo American as a result of this transaction. Frantschach, part of Anglo American's paper and packaging division which operates under Mondi Europe, has a turnover of EUR 1.9 billion and is a leading supplier of industrial packaging and sack kraftpaper worldwide. The group has five paper mills and 67 production sites with a worldwide sales and services network in 38 countries.

Pöyry Capital assisted in the negotiations and issued a Fairness Opinion on behalf Mondi Group.

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