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Mergers & Acquisitions | 30 March 2012

International Papers May Acquire Century Textiles' Paper Biz

by Irfan Khan
International Papers May Acquire Century Textiles' Paper Biz
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US based International Papers may acquire Century Textiles' paper business in India for about R2000Cr.

Last year, it had acquired 53.5% stake in Andhra Pradesh Paper Mills at R1400Cr. It was at a huge premium to the then CMP of the company.

B K Birla promoted Century Textiles manufactures textile products, cement, and pulp and paper products.

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