MKOOO Augment Investments Limited agreed to acquire Open Joint Stock Company Mondi Syktyvkar from Mondi plc (LSE:MNDI) for RUB 95 billion on August 12, 2022. As per the transaction, MKOOO Augment Investments Limited will acquire Open Joint Stock Company Mondi Syktyvkar with two affiliated entities. The Disposal is conditional on the approval of the Russian Federation's Government Sub-Commission for the Control of Foreign Investments and customary antitrust approvals and is expected to complete in the first half of 2023.

John Deans and Neil Thwaites of Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor to Mondi plc. Ernst & Young Servicegmbh & Co Og Steuerberatungsgesellschaft acted as financial due diligence provider to Mondi plc in this transaction. As of February 23, 2023.

The agreement with Augment Investments Limited has a long stop date of May 12, 2023 after which either party can terminate the agreement without recourse.