NorskeCanada, where Norske Skog has a 30.6% shareholding, plans to acquire the B.C. operations of Newstech Recycling, a company which produces de-inked pulp. The transaction is expected to close in early December. Payment will partly be in new NorskeCanada shares, thereby leading to a reduction in Norske Skog's shareholding to around 29.5%.

 

NorskeCanada's news release can be found on the company's web site www.norskecanada.com