The Vanguard Group Announces Holdings in International Paper Company

The Vanguard Group, Inc., a major investment management company, disclosed its significant ownership in International Paper Company in a recent Form 8.3 filing. As of 03 April 2024, Vanguard reported owning a total of 40,580,390 shares in International Paper Company, representing an 11.73% stake in the firm.

This disclosure comes amid dealings in the common stock of International Paper Company, where Vanguard made purchases and sales on the market. Specifically, Vanguard acquired 20,562 shares at $39.07 each and sold 4,576 shares at the same price. This move is part of Vanguard's broader investment strategy and reflects its interest in the paper and packaging industry, where International Paper is a key player.

The disclosure is pursuant to Rule 8.3 of the Takeover Code, indicating Vanguard's position exceeds the 1% threshold of interest in relevant securities of the company. Vanguard also noted that it has made disclosures in respect of Mondi plc and Smith (DS) plc, highlighting its active involvement in investments related to the sector.

No indemnity or derivative arrangements were reported, suggesting that Vanguard's investment is direct and straightforward. The company's substantial holding in International Paper confirms Vanguard's significant influence in the investment landscape of the packaging and paper industry.