Pulp and Paper Canada

News
Weyerhaeuser declines to comment on BC sale


January 10, 2005
By Pulp & Paper Canada

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.

Advertisment

Print this page

Related



Leave a Reply

Your email address will not be published. Required fields are marked *

*