Russia approves International Paper's sale of 50% Ilim stake to Russian JV partners

Russia's government commission approved the sale of International Paper's 50 per cent stake in Ilim SA to its Russian joint venture partners for $484 million, with a further $24 million deal for IP's remaining 2.39% stake in JSC Ilim Group; completion is expected in April 2023.

“The government commission for control of foreign investment in the Russian Federation has approved the sale of International Paper's (IP) 50 per cent stake in the holding company Ilim SA”euwid-paper.com

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• euwid-paper.comRussia approves sale of IP's 50 per cent stake in Ilim to JV partnersMar 29, 2023

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