world news - 31.03.2003

International Paper announced plans to sell approximately 1.5 million acres of southern U.S. ...

International Paper announced plans to sell approximately 1.5 million acres of southern U.S. forestland over the next five years through Southeast Timber Inc., a company controlled by International Paper, with an interest held by a private investor. This company will be International Paper's primary vehicle for selling southern forestland over the next five years. As part of this plan, International Paper transferred these acres to Blue Sky Timber Properties, LLC, a subsidiary of Southeast Timber Inc.

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