International Paper completes sale of 50% Ilim JV stake for $484M; total $508M cash

INTERNATIONAL PAPER CO /NEW/

Sold 50% interest in ILIM SA to JV partners for $484M cash, plus shares in JSC Ilim Group for $24M.
Total cash consideration received for all interests in Ilim and JSC Ilim Group is $508M.
With this transaction, International Paper has divested all of its ownership interests in Ilim.
The sale was effected via an offer from Dec 2022 accepted in Jan 2023 and closed on Sept 18, 2023.

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