FEDERAL WAY, WA — Weyerhaeuser Co., a provider of forest products, on May 12 announced that Carter Holt Harvey has begun a process to purchase the timber manufacturing operations and timber distribution business of the Weyerhaeuser Australia Group, including the interest in Green Triangle Forest Products held by a fund advised by Global Forest Partners. The transaction is subject to regulatory approvals by the Australian Competition and Consumer Commission and the Foreign Investment Review Board. CHH has lodged an application with both bodies seeking approval for the transaction. Read more.

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