Mondi said it has completed a two-stage buyout of all shares in its Polish subsidiary for €294m.
The South Africa-based company announced earlier it was seeking to buy back the minority of shares it did not own in Mondi Swiecie S.A.
The firm said the latest transaction to acquire almost 3.5m shares – representing a 7% stake - was finalised last week for €59m and it now owns 100% of the firm.
Last month, it concluded the purchase of 13.5m shares for a total of €235m.
Mondi said it would now begin the process to delist its subsidiary from the Warsaw Stock Exchange.