Who controls BPH?
For the acquisition of SFI, BILT had formed two ‘special purpose vehicles, namely Ballarpur International Holdings B.V. (“BIH”) and Ballarpur Paper Holdings B.V., both based in the Netherlands. BIH is held 80% by BILT and the remaining 20% is held by JP Morgan as beneficial owner. BPH is a wholly owned subsidiary of BIH. In other words, BPH is a deemed or stepdown subsidiary of BILT. BILT remains the holding company of BPH. Back… Top… Q3.
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