Norske Skogindustrier ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Norske Skogindustrier ASA Divests Operations in Thailand through Sale of Singburi Mill
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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