INCJ-backed JV acquires NZ-based packaging business
A Japanese joint venture - 40% owned by the Innovation Network Corporation of Japan (INCJ) - has acquired the pulp, paper and packaging (PPP) unit of New Zealand-based forest products company Carter Holt Harvey (CHH) for just over NZ$1 billion ($857 million).
Tokyo Stock Exchange-listed packaging giant Oji Holdings holds the other 60% of the joint venture. The PPP unit's assets include pulp and paper mills in Tasman and Kinleith and a large packaging enterprise...
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