Announced
Completed
Financials
Sources
Tags
Cross Border
Private
Majority
Russian Federation
Containers and Packaging
Single Bidder
paper supply
Acquisition
paper manufacturing
Completed
Friendly
Synopsis
Pulp Invest, an investment company, completed the acquisition of the Russian operations of Sylvamo, a paper manufacturer, for $420m. "We made a principle-based decision to exit Russia and believe Pulp Invest is the best option for our Russian colleagues and assets. We intend to use $325m of the proceeds to repay debt," Jean-Michel Ribiéras, Sylvamo Chairman and CEO.
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