Pulp Invest completed the acquisition of the Russian operations of Sylvamo for $420m.

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.