Ilim completed the acquisition of the remaining 50% stake in its joint venture with International Paper for $484m.

Ilim, a Russian pulp and paper firm, completed the acquisition of the remaining 50% stake in its joint venture with International Paper, a global supplier of renewable fiber-based products, for $484m. Ilim Group is the leader of the Russian pulp and paper industry and one of the industry leaders globally. The Company is one of the world’s top 7 producers of bleached softwood pulp.