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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.
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