International Paper to sell remaining Russian interests
IP will sell its remaining interest to its joint venture partners for $484 million, according to a statement from the Memphis-based company. Related coverage:
There are 5 article(s) tagged Russia:
IP will sell its remaining interest to its joint venture partners for $484 million, according to a statement from the Memphis-based company. Related coverage:
Russian courts can appoint external administrators for companies that cease operations and are at least 25% foreign-owned, if a plan favored by Vladimir Putin is approved.
Russian operations accounted for roughly 15% of Sylvamo’s total revenue in 2021.
Nikodem Niziolek, a Christian Brothers University student from Poland, and his family helped the Ukrainian relatives of Memphis realtor Oksana Piven escape Russian attacks.
“That peace today is over. It’s done. Putin has reemerged, and Russia has reemerged as a new world power,” Congressman David Kustoff, R-Germantown, told the Collierville Rotary Club.
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