secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001193125-23-236562
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000119312523236562/0001193125-23-236562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000119312523236562/d547886d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236562

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