News
Abitibi sells after all

Abitibi-Consolidated is selling control of a Quebec pulp mill to a new public fund.

Abitibi-Consolidated is selling control of a Quebec pulp mill to a new public fund.

The world’s largest newsprint producer expects to receive $350 million to $400 million with the sale. SKF Pulp Fund has been created to acquire the softwood kraft pulp mill in Saint-Felicien, in the Lac Saint-Jean region.

The mill produces 340,000 tonnes of low-cost, high-quality pulp and is one of the most profitable producers in North America.

It was previously reported by Quebec newspapers that Abitibi is in talks to sell the mill to Finnish companies, Metsa Serla or Metsa Botnia through a management agreement with Kruger Inc.