Indonesia’s Asia Pulp & Paper (APP) has signed a contract to acquire South Korean tissue manufacturers Mona Lisa, Ssangyong C&B and MSS Global from Morgan Stanley Private Equity (MS PE), in a move said to be worth 400bn won ($292m). MS PE purchased the two companies for 250bn won in 2014. It has now announced an agreement with APP to sell a 100% stake in MSS Holdings, the major shareholder of Monalisa and Ssangyong C&B. The deal is yet to be finalised. The tissue manufacturers produce toilet paper brands including Mona Lisa and CODI.  [...]

Fastmarkets’ European hot-rolled coil indices were published earlier than scheduled due to an error on Tuesday October 15. The post Early publication of European HRC indices appeared first on Fastmarkets. [...]