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International Paper has entered an agreement to purchase 53.5 percent of the outstanding shares of Andhra Pradesh Paper Mills Limited (APPM) of India for approximately US$257 million in cash. In addition, International Paper has agreed to a US$62 million non-compete payment to the sellers. Pursuant to Indian securities law, International Paper will also launch a [...]
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International Paper agrees to purchase shares of Andhra Pradesh Paper Mills of India
mar 29 mar 2011 08:00:03 EDTInternational Paper has entered an agreement to purchase 53.5 percent of the outstanding shares of Andhra Pradesh Paper Mills Limited (APPM) of India for approximately US$257 million in cash. In addition, International Paper has agreed to a US$62 million non-compete payment to the sellers. Pursuant to Indian securities law, International Paper will also launch a [...]
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