International Paper up on plans to sell unit for $1.5 billion

International Paper Co

21/08/2025 14:42

** International Paper's IP.N shares up 2% at $48.06

** Co to sell its global cellulose fibers unit to American Industrial Partners for $1.5 billion

** IP says it will invest $250 million to upgrade its Riverdale mill in Alabama

** Up to last close, stock was down about 13% YTD

 (Reporting by Anshi Sancheti in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))