Brief: Norske Skog Sells Forest Assets In Tasmania

Norske Skog ASA

06/02/2020 07:09

Feb 6 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * NORSKE SKOG SELLS FOREST ASSETS IN TASMANIA
    * NORSKE SKOG SELLS FOREST ASSETS IN TASMANIA
    * NORSKE SKOG ASA - NORSKE SKOG HAS ENTERED INTO AN
AGREEMENT TO
SELL ITS TASMANIAN FOREST ASSETS TO A FUND CONTROLLED BY
AUSTRALIAN BASED INVESTMENT MANAGER NEW FORESTS PTY LTD
    * PURCHASE PRICE FOR ASSETS IS AUD 62.5 MILLION (NOK 388
MILLION).
    * BOOK VALUE OF ASSETS SOLD PER 31 DECEMBER 2019 WERE NOK
297
MILLION
    * TRANSACTION WILL RESULT IN A GAIN TO BE RECOGNIZED IN Q1
2020.

Source text for Eikon:  ID:nObipVxGJa 
Further company coverage:  NSKOG.OL 

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