MEMPHIS, Tenn., Jan. 5, 2021 /PRNewswire/ -- International Paper (NYSE: IP) has entered into an agreement to sell its 90.38% ownership interest in Olmuksan International Paper to Mondi Group for approximately €66 million. The Olmuksan business includes corrugated packaging facilities in Turkey with an approximate annual revenue of TRY1,093 million (€150 million). Corrugated packaging remains a strategic business for International Paper in EMEA. About International PaperInternational Paper (NYSE: IP) is a leading global producer of renewable fiber-based Packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.

Source: The North Africa Journal January 05, 2021 07:30 UTC