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Article: AbitibiBowater Completes Sale of Select Timberland Assets in Quebec.

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Science Letter
Article date:
September 15, 2009
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AbitibiBowater announced that it has completed the sale of approximately 121,000 hectares (300,000 acres) of private timberlands in Quebec, Canada, for C$53 million in cash. AbitibiBowater plans to use the proceeds from this sale for general corporate purposes (see also Abitibibowater INC. - English).

Timberlands located in the Mauricie, Charlevoix and Saguenay regions were sold to two newly formed limited partnerships held by Soci t de gestion d'actifs forestiers Solifor, s.e.c. Timberlands located in the C te-Nord region were sold to Am nagements forestiers Portneuf (3908666 Canada Inc.).

AbitibiBowater produces a wide range of newsprint, commercial ...

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