Joint Venture among Ilim Group and International Paper

The Russian-based Ilim Group announced the sale of 50% of its shareholdings in the Geneva-based Ilim Holding SA to NYSE listed International Paper Corporation for approximately USD 620 million, and the formation of a 50:50 joint venture with International Paper.

Ilim Group was advised by Lenz & Staehelin as its Swiss counsel. The Lenz & Staehelin team was led by Beat Kühni and included Dominik Kaczmarczyk.