West Coast Paper Mills (WCPM) has entered into a share-purchase agreement to acquire about 51-60% stake in NYSE-listed International Paper’s (IP) Indian unit, International Paper APPM.
The stake will be acquired from existing promoters -International Paper Investments (Luxembourg), SARL Luxembourg and IP International Holdings Inc, US. The deal is expected to be completed by the end of the year.
West Coast Paper Mills is engaged in manufacturing paper, paperboard and coated duplex board.
