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WhatWood Blog Pulp & Paper International Paper reaches agreement to sell its Brazilian corrugated packaging business

International Paper reaches agreement to sell its Brazilian corrugated packaging business

14 May 2020 ` 18:28  

IP has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330 million, with R$280 million to be paid at closing and R$50 million one year thereafter, subject to certain adjustments. This business includes three containerboard mills and four box plants.

 

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