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West Coast Paper Mills to buy International Paper's India unit
short by Shruti Maria Mahendar / on Thursday, 30 May, 2019
West Coast Paper Mills (WCPM) on Wednesday announced it will acquire 51-60% stake in NYSE-listed International Paper's Indian unit International Paper APPM. The deal, which would cost up to ₹656 crore, will see the Kolkata-based paper maker launch an open offer to buy 25% stake from public shareholders. International Paper currently holds around 75% stake in its Indian unit.
read more at Bloomberg Quint