*NEWS*IP SELLS 5.1MIL ACRES IN THE USA

  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • 4toner4
  • futor_902x177v7-tonernew
  • banner-01-26-17b
  • ink-direct-banner-902-x-177-v-1-2-big-banner-03-23-2017
  • 161213_banner_futorag_902x177px
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • 2toner1-2
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • Print
Share

*NEWS*IP SELLS 5.1MIL ACRES IN THE USA

 user 2006-04-06 at 11:21:00 am Views: 55
  • #15283

    IP agrees sale of 5.1 million acres in US
    April
    2006 – Stamford (CT): International Paper has announced an agreement to
    sell approximately 5.1 million acres of forestlands in the US for
    aggregate proceeds of approximately $6.1 billion.
    The agreement,
    which involves two separate investor groups, means the company has sold
    approximately 85 per cent of its US forestland holdings.
    “These
    agreements for the sale of forestland at very attractive valuations are
    important steps forward in our plan to increase our focus and improve
    returns to shareholders,” said IP’s chairman and CEO John Faraci.