Sylvamo completes sale of russian operations

Memphis, tenn.--(business wire)---- $slvm #theworldspaperco--sylvamo (nyse: slvm), the world's paper company, is announcing it reached an agreement and completed the sale of its russian operations to pulp invest limited liability company for $420 million. after foreign currency exchange rates and transaction fees, sylvamo received approximately $390 million in cash proceeds. "we made a principle-based decision to exit russia and believe pulp invest is the best option for our russian colleagues and assets," said jean-miche
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