<b>Asia Pulp &amp; Paper Selling India Operation</b>

Asia Pulp & Paper completed the sale of its India operation to BILT paper Holdings for $62.5 million. Asia Pulp is suffering from significant debt load.

The sale of APP's Indian unit, Sinar Mas India Ltd., is the first asset disposal this year by the company, which is seeking to restructure more than $12 billion in debt.

May 2001
Explore the May 2001 Issue

Check out more from this issue and find your next story to read.