# 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.

- Type: Acquisition
- Announced: 2023-03-29
- Where: Russia
- Value: $484.0M
- Status: announced
- Products: pulp, paper, packaging

## Companies

- [International Paper](https://endata.com/companies/716.md) (partner)
- [Ilim Group](https://endata.com/companies/10405.md) (target)
- [Zakhar Smushkin](https://endata.com/companies/10406.md) (acquirer)

## Sources

- [euwid-paper.com](https://www.euwid-paper.com/news/companies/russia-approves-sale-of-ips-50-per-cent-stake-in-ilim-to-jv-partners-290323/), 2023-03-29: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.