Norske Skog considering sale of Australian mills
Norske Skog, market leader in the Australian newsprint market, is considering the sale of its assets in Australia and New Zealand, the Swedish news agency Direkt reported Thursday, referring to news published by Brussels-based forest industry analysis company RISI. (Papernet published the news in our Swedish news service yesterday, January 20).According to the Norwegian business daily, Dagens Næringsliv, Norske Skog denies the information. Said Carsten Dybevig, Communications Director of Norske Skog: “Norske Skog has not made any decision concerning a possible sale of our mills in Australia and New Zealand, and discussions about this matter are not planned in the near future.”However, Carsten Dybevig underlines, Norske Skog’s CEO, Sven Ombudstvedt, several times has indicated that the company constantly onsiders the sale of assets in order to reduce the debt.