NND

Norske Skog completes NOK 770m sale of Saugbrugs mill land to NND

Norske Skog has completed the sale of certain properties at its Saugbrugs publication paper mill in Halden, Norway, to Norwegian Nuclear Decommissioning (NND) for NOK 770m (USD 79.8m). Most of the proceeds will be used to repay short-term debt, with the remainder added to the company's liquidity.

Why this mattersThe disposal strengthens Norske Skog's balance sheet without affecting mill production, as paper producers monetise non-core land assets amid sector overcapacity.

• Sale price: NOK 770m (USD 79.8m)
• Asset: certain properties at the Saugbrugs publication paper mill in Halden, Norway
• Buyer: Norway's nuclear decommissioning agency NND
• Larger share of proceeds to repay short-term debt, remainder to strengthen liquidity

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