Bloomberg News

Norske Skog in Talks on Selling Parenco, Reparco Recovered

November 07, 2011

(Updates with Reparco in first paragraph.)

Nov. 7 (Bloomberg) -- Norske Skogindustrier ASA said it has reached the negotiation stage with a potential buyer for its Parenco mill and the recovered paper business of Reparco Group in the Netherlands.

Norske Skog will provide more information when the deal is presented to and approved by the relevant governing bodies of the two parties, the Lysaker, Norway-based company said in a statement today.

The company rose as much as 19 percent and was up 13.8 percent at 5.03 kroner as as of 4 p.m. in Oslo. The stock has dropped 64 percent this year.

Link to Statement:NSN LUAP5S3PWT1E <GO>

--Editor:

To contact the reporter on this story: Stephen Treloar in Oslo at streloar1@bloomberg.net

To contact the editor responsible for this story: Jonas Bergman at jbergman@bloomberg.net


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus