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RBC Capital: Sentiment neutral on IP selling its 50% interest in Ilim to JV partners for US$484M equity value; valuation reflects challenging circumstances, and transaction price viewed as being approximately neutral to moderately below expectations

IP promotes Kyle Duffy to operations manager of its Pensacola containerboard mill in Florida, also promotes Whitney Fike to regional communications manager for containerboard

IP acquired its stake in Russian pulp, paper producer Ilim in 2007 for US$650M, and other 50% of Ilim JV is reportedly controlled by Zakhar Smushkin and brothers Boris and Mikhail Zingarevich; those partners will buy IP's stake in Ilim for US$484M

INTERNATIONAL PAPER CO /NEW/ FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

International Paper Company - Material Agreement - Form 8-K

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