Investors sell Mondi stock after listing reorganisation

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Investors sell Mondi stock after listing reorganisation

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A logo sign outside of the headquarters of Mondi in Vienna, Austria, on September 5, 2018. (Photo by Kristoffer Tripplaar/Sipa USA) | Kris Tripplaar/SIPA USA/PA Images

In an otherwise barren summer week for equity block trades in Europe, UBS led the sale on Thursday night of R1.4bn ($95.4m) of stock in Mondi, the Anglo-South African paper and packaging company, on behalf of a group of shareholders left out of a recent reorganisation of Mondi’s listing.

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