International Paper Completes the Sale of Its India-based Printing Paper Business
Press release from the issuing company
Memphis, Tenn. – International Paper today announced that it has completed the sale of its controlling interest (21,873,521 shares) in International Paper APPM Limited, an India-based printing paper business, to West Coast Paper Mills Limited for approximately $85 million. International Paper intends to pursue suitable alternatives to divest its remaining 20% ownership interest (7,954,008 shares) in APPM.
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