January 7, 2014
Norske Skog sells Brazil shares, aims Europe
Norske Skog has agreed to sell the remaining 49% of the shares in Norske Skog Pisa in Brazil to Papeles Bio Bio SA (formerly Norske Skog Bio Bio) owned by Group BO / Pathfinder, a consortium of Chilean investors, Reuters reported. The transaction amounts US$ 37 million. The closing of this transaction leaves Norske Skog with no paper production in South America. Sven Ombudstvedt, President and CEO of Norske Skog said: ''We are pleased that we are selling the remaining stake in the Brazilian operations earlier than expected. For some time, we have ...
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