International Paper has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture, to its JV partners for $484m in cash.
In addition, IP completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24m in cash and is divesting other non-material residual interests associated with Ilim.
With the completion of these transactions, IP has divested all of its ownership interests in Ilim.
