Mondi says named in Russia anti-monopoly probe

Paper maker Mondi said it had been named in a Russian anti-monopoly investigation, although it had not been officially notified by authorities.

The company said in a statement that Russia's Federal Antimonopoly Service (FAS) said last week it had started an investigation into Mondi's Syktyvkar for violations of antimonopoly law over offset paper.

“Mondi has not yet received any FAS notification to this effect and has no further details of the investigation at this stage,” the company said.

“Mondi is committed to complying with all applicable antimonopoly laws and believes it has not violated any such laws.”