Mondi plc has announced that it has received the final payments from the sale of its Russian facility, Joint Stock Company Mondi Syktyvkar, and its affiliated entities. The total cash consideration of RUB 80 billion has been received, including the remaining instalments in November and December 2023. The net proceeds from the sale of all Mondi's Russian assets amount to approximately €775 million. These net proceeds will be distributed to Mondi shareholders through a special dividend, subject to shareholder approval. The company also plans to implement a share consolidation to maintain the comparability of the share price before and after the special dividend is paid. The special dividend is expected to be paid and the share consolidation to take effect in the first quarter of 2024. A circular containing details of the special dividend and share consolidation will be published shortly.