PAPERWORK.Chile's Angelini group, finality reached a billion-dollar deal to cut ties with Carter Holt Harvey Carter Holt Harvey is an Australasian forest products company, with significant interests in wood products, pulp, paper and packaging. The company employs approximately 10,500 people across Australasia. (CH CHH CHH Cartilage Hair Hypoplasia CHH Crustacean Hyperglycemic Hormone CHH Carter Holt Harvey Limited (Australia & New Zealand) CHH Chuan Hup Holdings Limited (Singapore) CHH Certified Hardware Hosineer ) a New Zealand-based forestry company controlled by New York-based International Paper. AntarChile, an Angelini-controlled company, and CHH formed a partnership in 1991 to jointly own Compania de Petr6leos de Chile (Copec), Chile's largest industrial and forest-products concern. Now, after years of legal bickering bick·er intr.v. bick·ered, bick·er·ing, bick·ers 1. To engage in a petty, bad-tempered quarrel; squabble. See Synonyms at argue. 2. , Angelini will acquire CHH's 30% interest--worth about US$1.3 billion--in Compec. To finance the transaction, Angelini will borrow about $750 million from financiers led by J.P. Morgan and will go to the market to raise the other $550 million. Meanwhile, expect International Paper to be back in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. with some extra cash to spend. |
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