Newsprint and paper producer Norske Skog has entered into an agreement to sell the Follum site to Viken Skog, which has announced ambitious, future plans for the plant.
The net sales proceeds are in the order of NOK 60 million. The sales price will be payable upon acquisition. The acquisition will take place in the second quarter of 2012.
The sale will be implemented through Viken Skog purchasing Norske Skog Follum AS and Follum Industripark AS, as well as all properties related to the mill site, including Årbogen. Norske Skog will disassemble and retain parts of the technical production equipment. Norske Skog will discontinue production at Follum on Friday 30 March.
After the decision to close the mill at Follum, Norske Skog has worked to find relevant stakeholders to create new activities on the site.
Norske Skog says in a press release that it considers it a good solution that others can now take over the further development.
(NRK/Press release)
