date:Jan 05, 2013
International Paper has announced the completion of the acquisition of the shares of its joint venture partner Sabanci Holding in the Turkish corrugated packaging company Olmuksa, for a purchase price of 7.1 TRL/share or 101.2MM TRL ($56MM U.S.). International Paper had obtained regulatory approval for the deal in the fourth quarter of 2012.
The deal sees International Paper become the majority shareholder, owning approximately 87.5 percent of Olmuksas outstanding shares. The change of control