What Is International Paper (IP) Planning For Its EMEA Packaging Business?

International Paper (NYSE: IP) is moving ahead with plans to spin off its EMEA Packaging Business into a separate public company. The group has received unsolicited interest from potential buyers for the EMEA Packaging unit and is in early discussions about a possible transaction. Management is evaluating both a stand-alone listing and a potential sale, which could reshape International Paper's operating footprint in Europe, the Middle East and Africa. The plan to separate or sell the EMEA...