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AbitibiBowater plans to shed assets

Permalink 09/05/08 @ 08:24:39 am, by Admin Email
Categories: Mill Sales/Transfers

AbitibiBowaterAbitibiBowater Inc. has plans to shed $500 million of assets by the end of the year as it deals with slumping demand for paper and a heavy debt load.

The first thing to go is AbitibiBowater's South Korean paper mill that has been put up for sale.

Along with the Korean mill, the company is willing to part with forestlands, sawmills, hydroelectric sites and other assets.

Source:
AbitibiBowater to sell Korean paper mill (Globe and Mail)

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