Greif signs $462M agreement to sell Soterra timberlands to Molpus Woodlands Group

GREIF, INC

Sells over 173,000 acres of timberlands in AL, LA, MS for $462M.
Transaction expected to close near Greif's fiscal year end, subject to customary conditions.
Cash proceeds will be allocated to debt repayment.
Divestiture aligns with strategy to focus on higher-margin, less cyclical markets.

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