Jul 07, 2005. /Lesprom Network/. The major shareholder of one of Australia's biggest packaging and forestry groups Carter Holt Harvey has signaled the possible sale of its half of the company. US-based International Paper owns just over 50% of Carter Holt Harvey, which has operations in South Australia, Victoria, New South Wales and New Zealand worth around $1.4 billion. Carter Holt Harvey spokesman Nigel Glennie says it is too early to predict the fallout from a sale. "Now that doesn't mean breaking up Carter Holt Harvey necessarily," Mr. Glennie said. "Although that's something that a lot of people are speculating about. It may mean that we are sold as a whole to another major shareholder or we are sold to a number of minor shareholders. At this stage we're very early in the process and it might be the end of 2005 before we have a clear view for the way forward."