Mayr-Melnhof Group divests production sites in Russia

The Mayr-Melnhof Group (MM) has sold its two Packaging sites in Russia, St. Petersburg and Pskov, to the local investor Granelle following approval by the governmental authorities. The selling price amounts to approx €134 million. In 2021, the plants generated combined sales of approx €124 million. The transaction is expected to have a neutral impact on MM’s net profit.