BP to divest stake in Arjobex to Arjo Wiggins

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Arjo Wiggins is to purchase BP’s stake in French Arjobex, manufacturer of synthetic paper. Arjobex is a joint venture of Arjo Wiggins (49%) and BP (51%). Following Arjo Wiggins, the transaction will be completed in December 2001. The company did not disclose any financial details. Arjobex employs 170 people and ...

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