11 Jul 2008

Norske Skog sells property in Trondheim to Maja Eiendom

Norske Skog sells the 5.2 hectare property Ranheim Vestre in Trondheim Municipality to Maja Eiendom for NOK 72 million.
 
Maja Eiendom plans to develop the area for residential purposes. This is in accordance with the municipal zoning plan for the area.
 
It is Norske Skog's wholly owned subsidiary Ranheim Eiendomsutvikling AS which sells the property. The sale will yield a recognised gain of about NOK 70 million before tax.
 
Eiendomsmegler 1 Midt-Norge has assisted Norske Skog with the sale.
 
Oxen°en, 11 July 2008
Norske Skog
Corporate affairs