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BRIEF-International Paper Reached Agreement To Sell Corrugated Packaging Business In Turkey

BY Reuters
— 2:34 AM ET 01/05/2021

Jan 5 (Reuters) - International Paper Co (IP):

* PRESS RELEASE - INTERNATIONAL PAPER REACHES AGREEMENT TO SELL ITS CORRUGATED PACKAGING BUSINESS IN TURKEY

* INTERNATIONAL PAPER-OLMUKSAN BUSINESS INCLUDES CORRUGATED PACKAGING FACILITIES IN TURKEY WITH ANNUAL REVENUE OF ABOUT TRY1,093 MILLION (EUR 150 MILLION)

* TRANSACTION IS EXPECTED TO CLOSE IN FIRST HALF OF 2021

* INTERNATIONAL PAPER (IP)- ENTERED INTO AGREEMENT TO SELL ITS 90.38% OWNERSHIP INTEREST IN OLMUKSAN INTERNATIONAL PAPER TO MONDI GROUP FOR ABOUT EUR 66 MILLION Source text for Eikon: Further company coverage:

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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