In an agreement with Mayr-MelnhofKarton AG, International Paper has agreed to sell its Kwidzyn paper and pulp mill for an estimated $812 million in cash, subject to closing adjustments for net debt and net working capital.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
A total of 2,300 people work at the Kwidzyn mill and it is capable of producing 740,000 tonnes of folding boxboard, uncoated freesheet, specialty kraft papers, and market pulp in an average year on four machines.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
International Paper announced December 3, 2020, it was planning to spin-off its Printing Papers business into one standalone, publicly-traded company to focus on its corrugated packaging and absorbent fiber businesses.
Kwidzyn’s sale presents International Paper with an opportunity to realize substantial incremental cash proceeds and a premium but otherwise does not alter its plans.
Under customary closing conditions and regulatory approvals, International Paper expects the transaction to close in the third quarter of 2021, following consultation with the appropriate employee representatives before agreeing.