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JANUARY 2013
Transactions
BanK oF cHIna LIMItEd and aBSa caPItaL EStaBLISH
doMEStIc MEdIUM tERM notE PRoGRaMME
Norton Rose’s Johannesburg office has advised Bank of China Limited and Absa Capital on establishing a local Domestic Medium Term Note Programme and the first issue of short term notes.
This transaction constitutes the first listing of bonds by a Chinese bank on the local Interest Rate Market of the JSE in South Africa.
The Norton Rose team was led by Pierre Swart, assisted by Gareth Munnick and Kelly Van Rensburg. LM
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MondI GRoUP acQUIRES dURoPacK’S oPERatIonS In GERManY and cZEcH REPUBLIc
Mondi Group has acquired the operations of duropack GmbH in Germany and the czech Republic, which consist of two corrugated box plants and one recycled containerboard mill. the two corrugated box plants consume approximately 130 thousand tonnes of containerboard per annum while the recycled containerboard mill is capable of producing 105 thousand tonnes per annum.
The Acquisition is in line with Mondi Group’s strategy to strengthen its lead- ing market position in corrugated packaging in Central an Eastern Europe.
Mondi is an international paper and packaging Group, with production operations across 28 countries and revenues of €5.7 billion in 2011. The Group's key operations are located in central Europe, Russia and South Africa and as at the end of 2011, Mondi employed 23,400 people.
Mondi is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and pape (including recycled paper), to the conversion of packaging papers into corrugated packaging, industrial bags and coatings.
Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group has been recognised for its sustainability through its inclusion in the FTSE4Good UK, Europe and Global indices since 2008 and the JSE's Socially Responsible Investment (SRI) Index since 2007. LM
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Domestic Medium Term Note Programme
Duropack