International Paper divests five European plants to PALM, completes DS Smith remedy

INTERNATIONAL PAPER CO /NEW/

Divested five corrugated box plants to PALM Group in France (3), Portugal (1), and Spain (1).
Divestiture satisfies regulatory commitments from IP's acquisition of DS Smith Plc.
European Commission approved the remedy on January 24, 2025; all obligations now fulfilled.
Transaction closed July 1, 2025; no financial terms disclosed.

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