CVC to Sell Paperbox Holdings to Oji Paper

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Private equity fund CVC Partners (CVC), Hong Kong, will sell its Paperbox Holdings Ltd to Japan's Oji Paper Co for an undisclosed amount, according to a Reuters news report. CVC acquired Paperbox, a unit of Malaysia's GS Paper & Packaging, in 2007 from Malaysian gaming group Genting for $212 million. Oji expects to close the deal by April 2010.