Transaction on International Paper Stake Buyout by Russian Shareholders Is Closed
18.09.2023
The transaction obtained all required approvals and is officially closed.
The buyer of International Paper (IP) 50% shareholding interest in Ilim SA is Ilim Global Timber Rus LLC, owned by Zakhar Smushkin and Boris Zingarevich. As a result of the transaction, control over former joint venture assets was transferred to the Russian shareholders.
Ilim Group is the leader of the Russian pulp and paper industry and one of the industry leaders globally. The Company is one of the world’s top 7 producers of bleached softwood pulp. I
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Source: Unipack.Ru
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