International Paper Completes the Sale of Its India-based Printing Paper Business

October 30, 2019 Off By Sebastian Reisig

International Paper today announced that it has completed the sale of its controlling interest (21,873,521 shares) in International Paper APPM Limited , an India-based printing paper business, to West Coast Paper Mills Limited for approximately $85 million. International Paper intends to pursue suitable alternatives to divest its remaining 20% ownership interest (7,954,008 shares) in APPM.