Entering text into the input field will update the search result below

International Paper to unload stake in India-based paper business

May 29, 2019 2:14 PM ETInternational Paper Company (IP) StockBy: Clark Schultz, SA News Editor1 Comment
  • International Paper (NYSE:IP -1.8%) discloses that it entered into an agreement with West Coast Paper Mills to sell its 75% controlling interest in India-based paper business International Paper APPM Limited.
  • Financial terms weren't disclosed.
  • "As part of our strategic assessment of the IP portfolio, we have decided to exit our position in IP APPM," says CEO Mark Sutton. "This decision is a reflection of our continued focus on growing our global packaging and cellulose fibers businesses," he adds.
  • Source: Press Release

Recommended For You

About IP Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
IP--
International Paper Company