International Paper Completes the Sale of Its India-based Printing Paper Business
October 30, 2019
MEMPHIS, Tenn. (News release) -- International Paper on 30 Oct. 2019 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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