Memphis – October 15, 2026 -- International Paper confirmed it is in discussions with potential bidders for its EMEA Packaging Business while it continues to prepare a spin-off of the unit through a London listing.
The company (NYSE: IP; LSE: IPC) said it is evaluating unsolicited inbound inquiries for the business. It described the sale process as early-stage and said there is no certainty that any sale will be agreed or completed. The statement followed recent movement in International Paper's share price and press speculation about a sale.
International Paper runs spin-off and sale evaluation in parallel
The company is progressing the spin-off and assessing the potential sale at the same time. It said it cannot provide assurance on the ultimate timing or structure of the separation of the EMEA unit.
London Stock Exchange listing with NYSE ADR program set as spin-off route
International Paper announced on January 29, 2026, that it expected to separate the EMEA Packaging Business through a spin-off. On October 14, 2026, it confirmed the spin-off was expected to be effected through a listing of the business on the London Stock Exchange. A Level II ADR program would be listed on the New York Stock Exchange.
DS Smith Capital Markets Day scheduled for November 3
International Paper will host a "DS Smith – Capital Markets Day" on November 3, 2026, in connection with the spin-off. The company flagged risks that neither the spin-off nor the proposed sale will happen on a timely basis or at all. It also cited potential uncertainty and disruption while the separation is pending.