Russian authorities approve sale of International Paper's stake in Ilim to partners in JV.

ST. PETERSBURG. March 28 (Interfax) - A subcommittee of the Russian government commission for control over foreign investment has given the green light for U.S. company International Paper to sell its 50% stake in Swiss holding company Ilim SA, which owns leading Russian pulp and paper producer Ilim Group, to its partners in the joint venture, Ilim reported. [ABSTRACT FROM PUBLISHER]