International Paper (NYSE:IP) Shares Sold by Asset Management One Co. Ltd.

International Paper Company (IP) is a multinational pulp and paper company headquartered in Memphis, Tennessee, United States. The company operates in various segments such as pulp and paper, packaging, and forest products.

On August 19, 2021, Asset Management One Co., Ltd. (AMO), a Chinese asset management company, announced that it had sold approximately 5.4 million shares of International Paper Company's common stock on the New York Stock Exchange (NYSE) under the ticker symbol "IP." The sale was made on behalf of its clients and represented approximately 0.7% of IP's outstanding common stock as of August 19, 2021.

The sale of shares by AMO did not affect the fundamental operations or financial position of International Paper Company. The company continues to operate in its various segments and remains focused on delivering value to its stakeholders.