International Paper today(July 31) completed the purchase of the remaining shares of Compagnie Marocaine des Cartons et des Papiers (CMCP). The company announced on July 12 it had signed an agreement with its joint venture partner Cofipac to acquire their shares in CMCP for approximately $40 million. The Moroccan packaging company is now wholly owned by International Paper and will be fully managed as part of the company's European Container business.
Source: lexisnexis
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