The Vanguard Group, Inc. Announces Position in International Paper Company

The Vanguard Group, Inc. has disclosed its holding in the International Paper Company, signaling a significant stake by one of the investment world's leading firms. According to a Form 8.3 submission to the financial authorities, The Vanguard Group now controls 11.74% of the company's common stock, amounting to 40,612,465 shares as of 10 April 2024. This move places the firm well above the 1% threshold of interests that mandates public disclosure under the Takeover Code.

In addition to International Paper Company, disclosures were also made regarding dealings with Mondi plc and Smith (DS) plc, indicating The Vanguard Group’s activity across multiple fronts in the sector. The reported transactions include the purchase of 10,665 common stock shares at a price of 38.25 USD per unit and the sale of 2,269 shares at the same price, demonstrating active trading within this substantial holding.

The disclosure sheds light on the company's strategic positioning within the market but offers no insights into future intentions or the exact nature of these investments. It is clear, however, that The Vanguard Group’s engagement in these transactions underscores its significant role in the financial markets, particularly within the paper and packaging industry sectors.