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Abitibibowater INC. - English
AbitibiBowater completes sale of select timberland assets in Quebec
March 13th, 2009
AbitibiBowater announced that it has completed the sale of approximately 76,724 hectares (189,508 acres) of private timberlands in Quebec, Canada, for CDN$70 million in cash. AbitibiBowater plans to use the proceeds from this sale for general corporate purposes. The Seigneurie of Perthuis, located in the Mauricie region, was sold to a newly formed limited partnership composed of Societe de gestion d'actifs forestiers Solifor, s.e.c. and the principal shareholder of Scierie Dion & Fils inc., a local sawmill operator. The Seigneuries of Nicolas Riou and Lac Metis, both located in the Bas-Saint-Laurent region, were sold to two newly formed limited partnerships created by...
Source: Health Business Week (2009-03-13)
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