Oji Holdings cleared to acquire CHH Pulp & Paper

Fri, 01 Aug 2014

Aug. 1 (BusinessDesk) - Japan's Oji Holdings Corp has been granted antitrust approval to acquire Carter Holt Harvey’s pulp, paper and packaging businesses from billionaire Graeme Hart. The $1.04 billion deal will be o Innovation Network Corp of Japan, a government-backed innovation agency that attracts private sector investment to “promote innovation and enhance the value of businesses in Japan”, makes up the remaining 40 percent joint venture vehicle that will make the investment. Oji and Innovation will own the assets through a holding...

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