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Int'l Paper Sells Packaging Biz To Chinese Group For $150M

By Joyce Hanson (March 14, 2016, 8:30 PM EDT) -- International Paper Co. will sell its corrugated packaging business in China and Southeast Asia to a Chinese group, Xiamen Bridge Hexing Equity Investment Partnership Enterprise, for 1 billion yuan ($150 million), IP said on Monday, as it pursues a strategy of moving manufacturing operations out of the region....

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