Asia Pulp & Paper completed the acquisition of MSS from Morgan Stanley PE for $304m.

Asia Pulp & Paper, an Indonesian pulp and paper company, completed the acquisition of MSS, a majority shareholder of Ssangyong C&B, from Morgan Stanley PE, a private equity investor, for $304m. "MS PE has transformed itself into a leading comprehensive life hygiene group through differentiated multi-brand strategies, product portfolio diversification, and efficient organizational operation," Jeong Hoe-hoon, MSPE CEO.