Mondi Plc has completed the sale of its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, to Sezar Invest LLC for a total cash consideration of RUB 80 billion. The sale has now concluded, marking Mondi's exit from Russia. Mondi has received RUB 57 billion into its London bank account and holds a letter of credit for the final RUB 23 billion, which will be paid in two equal installments in November and December 2023. The net proceeds from the sale of all Mondi's Russian assets will be distributed to Mondi shareholders once the final installments have been received.