The Vanguard Group, Inc. Reports Holdings in International Paper Company

The Vanguard Group, Inc., a globally recognized investment management firm, disclosed its position in the International Paper Company as mandated by the Takeover Code. According to the public opening position disclosure, as of 02 April 2024, The Vanguard Group holds a significant stake, owning 40,564,404 shares, equating to an 11.72% interest in the company. This declaration highlights The Vanguard Group's substantial investment in the paper and packaging industry giant.

In addition to its holdings in International Paper Company, The Vanguard Group also reported dealings in securities related to other companies, specifically Mondi plc and Smith (DS) plc, indicating a broader interest in the sector. The firm engaged in various transactions, including purchasing and selling shares of the International Paper Company at a price of $38.70 per unit on the disclosed date.

The disclosure provides insight into The Vanguard Group's strategy and its significant positions within the market, particularly in the International Paper Company. Such disclosures are pivotal for maintaining market transparency and provide stakeholders with essential information about significant holdings and dealings by major investors.