International Paper Announces Strategic Entry into India, Agrees to Purchase Shares of Andhra Pradesh Paper Mills
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International%20Paper<%2Fa>%20(NYSE%3A%20IP)%20has%20entered%20into%20agreements%20with%20Mr.%20L.N.%20Bangur,%20and%20related%20family%20members%20and%20affiliates%20to%20purchase%20approximately%2053.5%20percent%20of%20the%20outstanding%20shares%20of%20Andhra%20Pradesh%20Paper%20Mills%20Limited<%2Fa>%20(NSE%3A%20APPAPER%20|%20BSE%3A%20502330)%20for%20approximately%20US$257%20million%20in%20cash.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Farticle%2Finternational-paper-enter-india-purchase-shares-andhra-pradesh%2F" target="_blank" class="email" data-post-id="5746" type="icon_link">
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APPM is one of the leading integrated paper manufacturers in India, with two mills with combined capacity of about 250,000 metric tonnes of uncoated freesheet paper annually. The existing and capable management team and 2,500 employees of APPM will continue to operate the business, supplemented by additional IP leadership and technical resources.
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