West Coast Paper gets CCI nod for International Paper

| Updated on August 23, 2019 Published on August 24, 2019


The Competition Commission of India on Friday approved the acquisition of shares in International Paper APPM by West Coast Paper Mills.

In May this year, West Coast Paper had entered into a share-purchase agreement to acquire 51-60 per cent stake (based on open offer response) in NYSE-listed International Paper’s Indian unit at a price of ₹275 a share. With the clearance from the CCI, shareholders now expect the deal to be completed soon.

Published on August 24, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.