International paper announces exclusive negotiations to divest five european corrugated box plants to satisfy regulatory commitments from the acquisition of ds smith plc

Memphis, tenn. , april 14, 2025 /prnewswire/ -- international paper (nyse: ip, lse: ipc) ("ip") today announced that the company has entered into exclusive negotiations with palm group of germany after receiving an irrevocable offer for the purchase of five corrugated box plants in europe: (i) three plants in normandy, france (namely, one box plant in saint-amand, one box plant in mortagne, and one sheet plant in cabourg); (ii) one box plant in ovar, portugal; and (iii) one box plant in bilbao, spain.
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