International Paper Stock Rises on European Plant Sale

Dow Jones

2025/07/02

By Kelly Cloonan

Shares of International Paper climbed after the company said it has completed the sale of five of its plants in Europe.

The stock rose 5.6% to $49.45 on Tuesday. Shares have edged up 14% in the past 12 months.

The sustainable packing company said Tuesday the plants were divested to Palm Group to satisfy regulatory commitments from its acquisition of DS Smith.

International Paper has now satisfied all regulatory obligations with the European Commission in connection with the acquisition, it said.

The sale includes three plants in Normandy, France, one box plant in Ovar, Portugal and another in Bilbao, Spain, the company said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 01, 2025 15:47 ET (19:47 GMT)

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Shares have edged up 14% in the past 12 months. \n\n\n  The sustainable packing company said Tuesday the plants were divested to Palm Group to satisfy regulatory commitments from its acquisition of DS Smith. \n\n\n  International Paper has now satisfied all regulatory obligations with the European Commission in connection with the acquisition, it said. \n\n\n  The sale includes three plants in Normandy, France, one box plant in Ovar, Portugal and another in Bilbao, Spain, the company said. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 01, 2025 15:47 ET (19:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}