Norske Skog sells properties
Jan 12 2011 Norske Skog has entered into an agreement concerning sale of Klosterøya, the industrial site where Norske Skog's closed paper mill Union was situated.
The buyer is a consortium consisting of two Norwegian companies, Conceptor Eiendomsutvikling AS and Bratsberg Gruppen AS. Norske Skog has at the same time also finalized sale of a property at near Trondheim. The total proceeds are approximately 240 million Norwegian Kroner.After the shut down of Union mill, Norske Skog has devoted considerable resources to clearing up and developing Klosterøya, and the company sees it as a good solution that others now will take over the further development.