'We got completely played for suckers,' MP says of recent takeovers in Canadian forestry

Opposition MPs are aghast that after buying up two major Canadian companies, the foreign owner of one of Canada’s biggest forestry businesses is now also formally taking over an Indonesian-Chinese pulp and paper conglomerate from his family — a company he has long denied operating in tandem with.

'We got completely played for suckers,' MP says of recent takeovers in Canadian forestry
NDP Charlie Angus speaks during a news conference, Tuesday, October 17, 2023 in Ottawa.  THE CANADIAN PRESS/Adrian Wyld

Opposition MPs are aghast that after buying up two major Canadian companies, the foreign owner of one of Canada’s biggest forestry businesses is now also formally taking over an Indonesian-Chinese pulp and paper conglomerate from his family — a company he has long denied operating in tandem with.