Company set to gobble up another Canadian forestry operation is controlled by Indonesian conglomerate: report

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A massive wood pulp producer with ties to a conglomerate responsible for destroying huge swaths of Indonesian rainforest is set to acquire yet another Canadian forestry company in two weeks' time.

Shareholders of Resolute Forest Products — Canada’s third-largest producer of sawn wood — will vote on whether to sell the company for $3.7 billion to Paper Excellence, which says it is headquartered in British Columbia on its website.


Source: National Observer


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