Norske Skog Moves Closer to Sell of Parenco Mill

Norske Skog, Norway, this week reported that it has made progress in negotiations with a potential buyer of the Norske Skog Parenco mill and the recovered paper business of Reparco Group in the Netherlands. The company said that it has filed a request with Parenco's and Reparco's work councils for their advice on a proposed sales transaction.

If an agreement with the potential buyer is reached, the mill will be converted out of publication paper after 2012. Norske Skog says it will provide more information when a transaction is presented to and approved by all of the relevant governing bodies of the two parties.

Norske Skog Parenco has a total publication paper capacity of 265 000 metric tpy.

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