![](https://www.paperfirst.info/wp-content/uploads/2023/09/PAPER-NEWS-INDUSTRY-44.jpg)
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 $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.
RELATED NEWS
BLUE PAPER : 2013 – 2024: 4 Million Tons
July 26, 2024
HEINZEL GROUP announces closure of Raubling Papier GmbH
July 16, 2024
Marks 10-Year Anniversary, Updates Brand Identity
July 11, 2024