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.