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Visy eyes Carter Holt assets.
Australasian Business Intelligence, June, 2005
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Jun 29, 2005 (The Australian - ABIX via COMTEX)
Australian packaging company, Visy Industries, would be interested in some assets of Carter Holt Harvey (CHH). There is speculation about the sale of the New Zealand timber and packaging company after its major shareholder, US company International Paper, revealed that it is considering the divestment of its 50.5 per cent holding. The stake would have a market value of $NZ1.5 billion ($A1.4 billion). Visy said that it could bid for some of CHH's assets if the company was split up, but it would not ...
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