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International Paper Reaches Agreement to Sell Ownership Interest in Ilim Joint Venture

PR Newswire - Tue Jan 24, 3:05PM CST

MEMPHIS, Tenn., Jan. 24, 2023 /PRNewswire/ -- International Paper (NYSE: IP) today announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) equity value. The sale is subject to regulatory approvals in Russia.


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