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Norske Skogindustrier ASA Divests Operations in Thailand through Sale of Singburi Mill

Monday, 7 Oct 2013 02:49am EDT 

Norske Skogindustrier ASA announced that the Company has agreed to sell its Singburi mill in Thailand to a Thai industrial group for a total consideration of USD 33 million. The transaction is part of an already communicated strategy to improve Norske Skog's financial position. The new owner plans to continue producing newsprint at the mill. The financial and operational closing of the transaction is expected to take place in fourth quarter of 2013. Financial details were not disclosed. 

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11 Jul 2014