MM to sell TANN Group

EQS-Ad-hoc: Mayr-Melnhof Karton AG / Key word(s): Disposal
   Mayr-Melnhof Karton AG: MM to sell TANN Group

   18-Dec-2024 / 20:54 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group.
   The issuer is solely responsible for the content of this announcement.

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   Mayr-Melnhof Karton AG (MM) has agreed with Evergreen Hill Enterprise,
   Pte. Ltd., part of an Indonesian-based privately held group of diversified
   companies, on the sale of 100 % of the shares in TANN Group, headquartered
   in Traun, Austria, for a cash and debt-free enterprise value of EUR 360
   million.

   TANN Group prints on and finishes externally sourced fine paper to produce
   tipping paper. As the business is unrelated to cartonboard and consumer
   packaging, MM has decided to sell it. TANN Group generates annual sales of
   approximately EUR 220 million. TANN comprises 7 production sites in
   Austria, China, the Philippines, Turkey, Canada and Germany and a global
   workforce of around 730 employees, who will join Evergreen Hill
   Enterprise, Pte. Ltd..

   The sale offers MM the opportunity to further strengthen and expand the
   position in its core consumer packaging business.

   The transaction, which is subject to usual completion conditions and
   regulatory approvals, is expected to be closed in the first quarter of
   2025.

   End of Inside Information

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   18-Dec-2024 CET/CEST News transmitted by EQS Group. www.eqs.com

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   Language:    English
   Company:     Mayr-Melnhof Karton AG
                Brahmsplatz 6
                1040 Wien
                Austria
   Phone:       0043 1 501 36 91180
   Fax:         0043 1 501 36 91391
   E-mail:      investor.relations@mm.group
   Internet:    www.mm.group
   ISIN:        AT0000938204
   WKN:         93820
   Indices:     ATX
   Listed:      Regulated Unofficial Market in Berlin, Frankfurt (Basic
                Board), Munich, Stuttgart, Tradegate Exchange; Vienna Stock
                Exchange (Official Market)
   EQS News ID: 2054173


    
   End of Announcement EQS News Service


   2054173  18-Dec-2024 CET/CEST