International Paper Reaches Agreement to Sell Its Brazilian Corrugated Packaging Business to Klabin

International Paper (NYSE: IP) has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330 million, with R$280 million to be paid at closing and R$50 million one year thereafter, subject to certain adjustments. This business includes three containerboard mills and four box plants.

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