Finance
International Paper in talks to divest five plants in Europe
Published by Global Banking & Finance Review®
Posted on April 14, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 14, 2025
1 min readLast updated: January 24, 2026
International Paper is negotiating to sell five European plants to PALM, fulfilling regulatory commitments from its DS Smith acquisition.
(Reuters) - International Paper said on Monday it has entered into exclusive negotiations with a family-owned company to sell its five corrugated box plants in Europe to meet the regulatory commitments for the acquisition of UK rival DS Smith.
The company, which has been looking to expand its presence in the paper and packaging sector in Europe, said it would divest three plants in France, and one each in Portugal and Spain to PALM, which produces container boards.
The companies expect to sign a definitive share purchase deal, following the required French works council procedures, with closing expected by the end of second quarter of fiscal 2025, International Paper said.
In January, International Paper secured EU's clearance for its 5.8-billion-pound ($7.2 billion) acquisition of DS Smith and had vowed to sell certain assets to address competition concerns.
The sale of the five plants would fulfill all obligations to the European Commission related to the acquisition, International Paper said.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Shailesh Kuber)
The main topic is International Paper's plan to divest five European plants to meet regulatory commitments after acquiring DS Smith.
The potential buyer is PALM, a family-owned company that produces container boards.
The deal is expected to close by the end of the second quarter of fiscal 2025.
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