09.19.23
International Paper 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 $484 million in cash.
In addition, the company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24 million 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.
In addition, the company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24 million 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.