US International Paper,the 24bn-turnover forestry products business,is to sell its Arizona Chemical business to private equity firm Rhone Capital for 485m.The purchase is being made by Rhone Capital's Rhone Capital III L.P.fund.International Paper said the move was one of a series of divestments aimed at transforming the company into a more focused and profitable company.It will retain a minority interest of approximately 10% when the transaction closes in the first quarter of 2007.
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机译:拥有240亿营业额的林业产品业务美国国际纸业公司(US International Paper)将以4.85亿美元的价格将其亚利桑那化学业务出售给私募股权公司Rhone Capital。一系列的资产剥离旨在使该公司转变为一家专注和盈利的公司。在交易于2007年第一季度完成时,它将保留约10%的少数股权。
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