International Paper announced that it has entered into a binding agreement with Holmen Paper to purchase Holmen’s newsprint mill in Madrid, Spain, and intends to convert the facility to produce recycled containerboard. Under the terms of the agreement, International Paper would purchase the Madrid newsprint Mill, as well as associated recycling operations and a 50-percent ownership interest in a cogeneration facility. The transaction is expected to close during the second quarter of 2016, subjec...