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International Paper’s Russian joint venture

International Paper is entering a joint venture with Russia’s llim Pulp. The agreement would position the alliance …

International Paper is entering a joint venture with Russia’s llim Pulp. The agreement would position the alliance as the largest of its kind in the Russian sector.

According to terms of the deal, International Paper would assume a 50% equity interest in llim Holding.

Reports have confirmed the joint venture intends to dole out a total of $1.2 billion over a five-year period to finance various equipment upgrades and capacity increases.