International Paper Announces Exclusive Negotiations for European Box Plant Sale
Why we think this is neutral
This RNS announcement is a general update on the company's activities, rather than a specific news type like a trading update, results, or asset sale. As such, I have assigned a neutral sentiment score, as the information provided does not indicate any significant positive or negative developments for the company.
Key Points
- International Paper enters exclusive negotiations to sell five corrugated box plants in Europe
- Sale agreed as a remedy for IP's acquisition of DS Smith Plc
Summary
The packaging company has entered into exclusive negotiations to sell five corrugated box plants in Europe.
International Paper Company has filed a Current Report on Form 8-K announcing that it 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. The sale of these plants was agreed to with the European Commission as a remedy for IP's acquisition of DS Smith Plc.
GENERAL UPDATE