International Paper to divide operations into two standalone listed entities

International Paper has revealed plans to split its business, forming two independent, publicly traded companies. The decision will see the company's current North American operations remain under the International Paper name while its Europe, Middle East, and Africa (EMEA) packaging businesses will be spun off into a separate entity. The North American operations will incorporate assets from both International Paper and DS Smith, which it acquired last year. The company said that the split aims to all ...