Norske Skog sells properties
(Thomson Reuters ONE) -
Norske Skog has entered into an agreement concerning sale of Klosterøya to a
consortium consisting of Conceptor Eiendomsutvikling AS and Bratsberg Gruppen
AS, and has at the same time also finalised sale of a property at Nedre Ranheim.
The total proceeds are approximately NOK 240 million.
After the shut down of Union mill, Norske Skog has devoted considerable
resources to clearing up and developing Klosterøya, and the company sees it as a
good solution that others now will take over the further development.
"This is a milestone for the development of Skien and the entire Grenland area.
In cooperation with local authorities and businesses, Norske Skog has emphasised
the development of residential, business and outdoor recreation areas. We
consider the Bratsberg group and Conceptor Eiendomsutvikling to be ideal
partners in moving this work forward", says Norske Skog's President and CEO Sven
Ombudstvedt.
Parts of the proceeds from the sale have been granted as seller's credit and
will be paid off during a five-year period. Norske Skog will also retain a
minority ownership share in Bratsberg Holding AS, which in addition to
Klosterøya, will have a portfolio including several development properties in
the cities of Porsgrunn and Skien.
The sale of Nedre Ranheim (Trondheim) to Maja Eiendom AS was finalised at the
end of December.
Sale of the two properties will ensure a total accounting gain of around NOK 80
million. Most of this will be booked in the fourth quarter of 2010.
With the sale of Klosterøya and Nedre Ranheim, Norske Skog has sold properties
in Norway for approx. NOK 280 million during 2010.
Oxenøen, 12 January 2011
Norske Skog
Communication and Corporate affairs
For further information:
Media: The financial market:
Vice President Corporate Affairs Senior Advisor
Carsten Dybevig Frode Tegnér
Mob: (+47) 917 63 117 Mob: (+47) 906 19 102
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Press release:
http://hugin.info/105/R/1479054/414774.pdf
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Source: Norske Skog via Thomson Reuters ONE
[HUG#1479054]
Unternehmensinformation / Kurzprofil:
Datum: 12.01.2011 - 08:02 Uhr
Sprache: Deutsch
News-ID 50380
Anzahl Zeichen: 2995
contact information:
Town:
Lysaker
Kategorie:
Business News
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