JPMorgan, GIC investee Ballarpur seeks paper listing on LSE
Ballarpur Industries, which claims to be India's largest paper manufacturer, plans to set up a new UK-incorporated holding company for its unit Ballarpur International Graphic Paper Holdings (BIGPH), 20.47% invested by JPMorgan Principal Investment and GIC Special Investments, and list the new entity on the London Stock Exchange.
BIGPH was originally set up by Ballarpur Industries as an acquisition vehicle for Sabah Forest Industries, one of Malaysia's largest integrated pulp and paper mills. JPMorgan, which holds its stake through...
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