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Weyerhaeuser declines to comment on BC sale

The Vancouver Sun has reported Weyerhaeuser’s potential sale of its coastal British Columbia forestry assets. The c…

The Vancouver Sun has reported Weyerhaeuser’s potential sale of its coastal British Columbia forestry assets. The company’s holdings in the province include mills and harvesting rights, which could be worth a total of $1.5 billion, the newspaper confirmed. Although company officials abstained from comment, a unit of Brascan Corp. has been pegged the most likely bidder. It is anticipated that should Weyerhaeuser elect to divest itself of its BC holdings, the transaction could set in motion a trend of consolidation in Canada’s most Western province.