Companies in the timber industry / Daily News / Wood-based panels / Europe / Global
March 11, 2015

Sonae sells MDF plant in France

Portuguese Sonae Indústria announced that its indirect affiliate, Isoroy SAS, has entered into an agreement for the sale of the business and assets relating to its MDF Ussel plant, located in France, including the transfer of the employees dedicated to this business.    The identity of the buyer or the amount of the transaction were not disclosed.    To be concluded, the transaction is subject to certain conditions, mainly related with pre-emption rights of the local municipalities in respect of the real estate and administrative authorisations, and is expected to take place ...

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