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Norske Skog close to sale of Dutch mill

Nov 7 2011  Norske Skog has reached a stage in negotiations with a potential buyer of the Norske Skog Parenco mill and the recovered paper business of Reparco Group in the Netherlands.

Norske Skog 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 business after 2012.Norske Skog has for some time been trying to sell the Parenco mill. The company seays in a press release that it will provide more information when a transaction is presented to and approved by all the relevant governing bodies of the two parties. Norske Skog Parenco has a total publication paper capacity (magazine paper and newsprint) of 265,000 tons per year on one paper machine. The mill, which was acquired by Norske Skog in 2001, has approximately 265 employees. /AA

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