Norske Skog reports that they have 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; whereby, 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 after 2012. Norske Skog 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 is located in the Netherlands and has a total publication paper capacity of 265 000 tonnes.
