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Bank Note Paper Mill India, a JV of Security Printing and Minting Corp. of India and Bharatiya Reserve Bank Note Mudran, to establish banknote paper mill in Odisha; Bank Note Paper Mill India has plant in Mysuru with capacity of 12,000 tonnes/year
Published: January 31, 2023 by Print Week
IP reports Q4 net loss of US$318M, including a US$533M non-cash impairment of its Ilim JV investment in Russia, as Q4 net sales rise by 1% year-over-year to US$5.13B; IP posts full-year net earnings of US$1.50B as 2022 net sales grow 9% to US$21.16B
Published: January 31, 2023 by International Paper Co.
Bega Cheese reaches agreement with Vitasoy International Holdings on a AU$51M price tag for its stake in their Hong Kong-based JV; Bega was initially offered AU$27.5M, a figure it said 'significantly' undervalued the JV
Published: January 30, 2023 by MarketLine
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
Published: January 27, 2023 by RBC Capital Markets LLC
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
Published: January 26, 2023 by Interfax Russia

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