MM Group expects cash proceeds of 1.8 billion euros to 1.9 billion euros. It said late Monday that, after the deal closes, it plans to return 500 million euros to 600 million euros to shareholders.

The company will retain a 30% stake, which could fall to 20% if certain financial targets are not achieved in 2027. No further payment would be due to or from MM Group in that case, the company said.

After the transaction, MM Group plans to focus on its board and paper business. It expects the sale to significantly improve its financial flexibility, and said it intends to use proceeds both to reduce debt and pursue strategic opportunities.