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Stakes raised in Pan Asia

As previously announced, Norske Skog and Abitibi-Consolidated have raised their stakes in the Pan Asia Paper Compan…

As previously announced, Norske Skog and Abitibi-Consolidated have raised their stakes in the Pan Asia Paper Company, from 33.3% to 50% each in a joint venture. The remaining one-third stake was acquired from Korean Hansol Paper for a price of US$350 million.
Pan Asia Paper Co has its headquarters in Singapore and employs 2,200 people at plants in Korea, China and Thailand.