Moneycontrol
HomeNewsBusinessMarketsAP Paper deal to spark consolidation in paper space: Udayan
Trending Topics
Sensex Today
Castrol India Shares
Ola Electric Share Price
Swiggy and Eternal Shares
Defence Share Price

AP Paper deal to spark consolidation in paper space: Udayan

International Paper Co is set to pickup majority stake of 53.5% in AP Paper for about USD 257 million in cash. Commenting on the deal CNBC-TV18’s managing editor Udayan Mukherjee says it should be quite good or charging up for the paper sector today because the deal has been struck at a huge premium to the current market price of AP Paper.

March 30, 2011 / 10:02 IST
Story continues below Advertisement
Remove Ad

Your browser doesn't support HTML5 video.

US paper and packaging company International Paper Co is set to pickup majority stake of 53.5% in Andhra Pradesh Paper Mills (AP Paper) for about USD 257 million in cash.

The Memphis, Tennessee-based International Paper will also make a 21.5% open offer for USD 104 million.

The industry leader, which has operations in more than 20 countries, also raised its quarterly dividend by about 40%.

Andhra Pradesh Paper Mills (APPM) is a part of India's LN Bangur Group.

Commenting on the deal CNBC-TV18

TAGS: #AP Paper #International Paper Co #LN Bangur Group #paper sector #Udayan Mukherjee #Udayan's comments
first published: Mar 30, 2011 09:37 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Follow Us On: Facebook twitter instagram linkedin youtube
Trending Topics
Sensex Today Coforge Share Price Ola Electric Share Price Gold Rate Today Silver Price Today Vijay Hazare Trophy Ganesh Uike Train Fare Hike news Sheikh Hasina Udaipur gang rape
News
Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups
Markets
Home Currencies Commodities Pre-Market IPO Global Market Bonds
Personal Finance
Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance Tracker New Fixed Deposits Fixed Deposit Comparison Fixed Income
Mutual Funds
Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener
Tools
Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator Petrol Price in India Diesel Price in India IFSC Code
Community
Stock Markets
Network 18 Sites
News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive
Quick Links
About Us Contact Us Advisory Alert Advertise with Us Disclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors
Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.