April 25, 2014 / 8:22 AM / 4 years ago

Oji, Japan-backed fund to buy New Zealand paper and pulp business

TOKYO, April 25 (Reuters) - Oji Holdings said on Friday that it and government-backed Innovation Network Corporation of Japan will buy the pulp, paper and packaging business of New Zealand’s Carter Holt Harvey Ltd for about NZ$1.037 billion ($888.5 million).

Carter Holt Harvey is held by Auckland-based investment company Rank Group Ltd. ($1 = 1.1671 New Zealand Dollars) (Reporting by Dominic Lau)

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