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IP acquires 75% stake in Andhra Pradesh Paper Mills

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Published in issue 42/2011
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International Paper (IP) has completed the acquisition of a 75% stake in the Indian uncoated woodfree paper manufacturer Andhra Pradesh Paper Mills (APPM) for a total cash purchase price of $388m. IP purchased 53.5% of the shares in APPM from India’s L.N. Bangur Group and affiliates for $226m in cash. The group was ...

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