Updated version 1 - According to the Financial Times, multiple private equity firms are exploring a deal to acquire International Paper’s European packaging business.

Supplemented relevant information and details in paragraphs 3 and 4

Reuters, October 15 - According to a report by the Financial Times on Thursday, citing sources familiar with the matter, private equity firms Lone Star and Atlas Holdings are considering a bid to acquire International Paper's IP.N European packaging business, which is valued at less than $6 billion.

The company’s share price rose by 3%.

International Paper announced in January (link) that it would split into two publicly listed companies by spinning off its European packaging business, aiming to streamline operations and boost production efficiency in North America.

The company has not yet responded immediately to Reuters' request for comment.

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