secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001193125-23-014425
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Paper to sell 50% stake in Ilim JV for $484M; subject to Russian approvals
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- Sale of 50% interest in Ilim SA for $484M cash to JV partners.
- Transaction implies ~$3.5B total enterprise value and ~3.1x EBITDA multiple on 2022 unaudited EBITDA of $1.11B.
- Also received indication of interest to buy 2.39% stake in JSC Ilim Group for $24M.
- Sale subject to regulatory approvals in Russia; further updates pending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000119312523014425/0001193125-23-014425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000119312523014425/d442355d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-014425

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer