International Paper today announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for US$484 million equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5 billion in total enterprise value […]
Tag Archives: Irkutsk
09
Apr
Apr
Ilim Group recently published a report on its performance in 2021. The company produced 3.64 million tons of finished products, and pulp continues to make-up the major share (2.16 million tons) of Ilim’s production volumes. Ilim continued to increase the share of packaging materials in its product portfolio. Last year this segment accounted for about […]
17
Mar
Mar
International Paper announced its intention to explore strategic options, including the possible sale, of its 50% ownership interest in Ilim Group. International Paper has no intention to seek suspension of operations or initiate any liquidation or bankruptcy proceedings with respect to Ilim Group. In October of 2006, International Paper and Ilim Pulp announced the signing […]