International Paper Completes Sale of Ownership Interest in Ilim Joint Venture

International Paper (NYSE: IP) today announced that it has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) in cash.

In addition, the Company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24MM (USD) in cash and is divesting other non-material residual interests associated with Ilim.

With the completion of these transactions, International Paper has divested all of its ownership interests in Ilim.
https://internationalpaper2022rd.q4web.com/news/news-details/2023/International-Paper-Completes-Sale-of-Ownership-Interest-in-Ilim-Joint-Venture/default.aspx

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