Mondi Group To Pay $781M For Oaktree's Nordenia Stake

Law360, Chicago (July 11, 2012, 3:39 PM EDT) -- International paper and packaging maker Mondi Group has agreed to buy a majority stake in German consumer packaging company Nordenia International AG from Oaktree Capital Management LP in a €638 million ($781 million) cash and debt deal, the buyer said Wednesday.

Mondi, which has units based in South Africa and the U.K., said it inked a deal to buy 93.4 percent of Nordenia's outstanding share capital from funds managed by Oaktree and other minority shareholders for €240 million in cash and acceptance of €398 million of...
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