International Paper has announced the completion of its interest in Ilim JV to its JV partners for USD 484 million. With the inclusion of shares sale, IP has divested all its interests in Ilim.
Sep 18, 2023
International Paper announced that it has completed the sale of its 50 percent interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for USD 484 million in cash.
In addition, the company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for USD 24 million in cash and is divesting other non-material residual interests associated with Ilim.
Also Read: IP Announces Opening of its Atglen Corrugated Packaging Facility
With the completion of these transactions, IP has divested all of its ownership interests in Ilim.
