TOKYO, April 25 (Reuters) - Oji Holdings 3861.T said on Friday that it and government-backed Innovation Network Corporation of Japan will buy the pulp, paper and packaging business of New Zealand's Carter Holt Harvey Ltd for about NZ$1.037 billion ($888.5 million).

Carter Holt Harvey is held by Auckland-based investment company Rank Group Ltd.

($1 = 1.1671 New Zealand Dollars)

(Reporting by Dominic Lau)

((dominic.lau@thomsonreuters.com)(+81 3 6441 1917)(Reuters Messaging: dominic.lau.thomsonreuters@reuters.net))

Keywords: OJI HOLDINGS RANK GROUP/