EQS-Ad-hoc: Mayr-Melnhof Karton AG / Key word(s): Strategic Company
Decision
MM Group to sell the majority stake in its Packaging business to KPS
Capital Partners at an enterprise value of EUR 2.4 billion; special
distribution to shareholders planned
09-Nov-2026 / 21:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by [1]EQS News – a service of
[2]EQS Group.
The issuer is solely responsible for the content of this announcement.
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Mayr-Melnhof Karton AG („MM Group“) has signed a binding transaction
agreement to sell its Packaging business to a newly established holding
company of KPS Capital Partners, LP (“KPS”). KPS will hold 70 % of that
holding company and MM Group will hold 30 % after completion. The
Packaging business comprises the Food & Premium Packaging operations
(excluding Iran and Tunisia) and the Pharma & Healthcare Packaging
operations.
The transaction values the Packaging business at an enterprise value of
EUR 2.4 billion, corresponding to an implied 2026E EV / adj. EBITDA
multiple of approximately 9x. Net of the estimated investment of
approximately EUR 0.4 billion for its 30 % equity interest in the new
holding company, MM Group expects the transaction to generate cash
proceeds of approximately EUR 1.8 to 1.9 billion upon completion of the
transaction. The final cash proceeds will depend on the level of taxes
arising from the transaction, standard purchase-price-adjustment
mechanisms and the timing of completion.
MM Group’s equity interest in the new holding company could be reduced to
a minimum of 20 % if certain EBITDA targets for the financial year 2027
are not achieved, with no additional consideration payable to or by MM
Group as a result.
Following completion of the transaction, MM Group expects to have net cash
of approximately EUR 0.8 to 0.9 billion. MM Group intends to use the
proceeds to repay debt, for strategic opportunities and for potential
distributions to shareholders. Subject to the receipt of all required
corporate approvals, applicable legal and regulatory considerations, and
the prevailing business conditions at the relevant time, MM Group is
planning a special distribution of EUR 0.5 to 0.6 billion to its
shareholders after completion of the transaction.
Completion of the transaction is subject to the required corporate and
regulatory approvals as well as other customary conditions and for the
French Business, the acquisition is subject to consultation processes with
workers representatives. Completion of the transaction is expected in the
first half of 2027. Thereafter, MM Group will account for its 30 % stake
using the equity method. The Supervisory Board of MM Group has approved
the transaction.
End of Inside Information
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09-Nov-2026 CET/CEST News transmitted by [3]EQS Group
View original content: [4]EQS News
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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: [email protected]
Internet: www.mm.group
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Regulated Unofficial Market in Frankfurt (Basic Board),
Munich, Stuttgart, Tradegate BSX; Vienna Stock Exchange
(Official Market)
LEI Code: 5299001AMHDLKUM80611
EQS News ID: 2430940
End of Announcement EQS News Service
2430940 09-Nov-2026 CET/CEST
https://nwr.eqs-cockpit.com/fncls2.ssx?application_id=2430940&application_name=news&site_id=apa_ots_austria~~
References
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3. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2430940&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
4. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=60e3185905cd615b08c319efd54bf2ca&application_id=2430940&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news