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International Paper Announces Agreement to Sell Its India-Based Paper Business

The transaction is expected to be completed by the end of the year subject to satisfaction of customary closing conditions.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

International Paper has entered into an agreement with West Coast Paper Mills Limited to sell its controlling interest in International Paper APPM Limited, an India-based paper business. International Paper currently owns approximately 30 million shares, or 75% of the outstanding shares, of International Paper APPM Limited (APPM).   The transaction is expected to be completed by the end of the year subject to satisfaction of customary closing conditions, including obtaining required governmental...

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