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IP and Ilim get green light

International Paper and Ilim Pulp have been granted Russian Federal Antimonopoly Service approval, which allows IP …

International Paper and Ilim Pulp have been granted Russian Federal Antimonopoly Service approval, which allows IP to acquire an ownership interest in Ilim Holding SA.

This approval is a critical step in the process of establishing an agreement that will develop a 50/50 joint venture. Negotiations and due diligence are ongoing, but are anticipated to wrap up in the second half of the year.