Mayr-Melnhof Karton AG Completes Sale of TANN Group

Vienna, June 2, 2025 — Mayr-Melnhof Karton AG (MM), a leading material company in the Containers & Packaging industry, has successfully completed the sale of its TANN Group to Evergreen Hill Enterprise, Pte. Ltd., a diversified, privately held Indonesian company. The transaction was finalized on June 2, 2025, as announced by MM.

The TANN Group, known for printing and finishing externally sourced fine paper to produce tipping paper (used for cigarette filters), is now part of Evergreen Hill Enterprise. This strategic move marks a significant shift in MM’s portfolio, focusing more on its core operations in cardboard, folding cartons, and packaging materials derived from recycled wastepaper.

Financial Context and Market Reaction

As of May 29, 2025, MM’s share price stood at 74.8 EUR, with a market capitalization of approximately 1.496 billion EUR. The company’s shares have experienced fluctuations over the past year, reaching a 52-week high of 118 EUR on June 25, 2024, and a low of 66.7 EUR on December 15, 2024.

In the broader market context, the Vienna Stock Exchange (ATX) showed a positive trend on June 2, 2025, with a midday increase of 0.59%, reaching 4,450.16 points. This upward movement reflects a favorable market sentiment, potentially influenced by strategic corporate actions like MM’s sale of the TANN Group.

Analyst Perspectives

In May 2025, two analysts provided their insights on MM’s stock. One analyst recommended buying the stock, while another suggested holding it. The average target price set by analysts was 101.60 EUR, indicating an expected rise of 26.80 EUR from the current price of 74.80 EUR. This optimistic outlook aligns with a six-month rating trend favoring a buy.

Company Overview

Mayr-Melnhof Karton AG operates production facilities across Europe, specializing in sustainable packaging solutions. The company’s focus on recycling and environmental responsibility positions it well within the growing demand for eco-friendly packaging materials.

For further information, inquiries can be directed to Stephan Sweerts-Sporck, Investor Relations, at Mayr-Melnhof Karton AG, Brahmsplatz 6, A-1040 Vienna, Austria.

This article provides a comprehensive overview of Mayr-Melnhof Karton AG’s recent strategic sale and its implications within the financial market.