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International Paper, Graphic Packaging Create Leading Consumer Packaging Platform

IP to receive $1.14 billion ownership interest in combined business and cash proceeds of $660 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

International Paper has signed a definitive agreement to contribute its North America Consumer Packaging business to Graphic Packaging in a transaction valued at $1.8 billion. IP plans to use $660 million in cash proceeds from a loan being assumed by Graphic Packaging to pay down existing debt.   IP will also receive a 20.5% ownership interest valued at $1.14 billion in a subsidiary of Graphic Packaging that will hold the assets for the combined business. The transaction is expected to close i...

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