Feb 23, 2009. /Lesprom Network/. AbitibiBowater has completed the sale of approximately 76,724 hectares (189,508 acres) of private timberlands in Quebec, Canada, for CDN$70 million ($58.3 million) in cash. AbitibiBowater plans to use the proceeds from this sale for general corporate purposes, the company informed Lesprom Network. The Seigneurie of Perthuis, located in the Mauricie region, was sold to a newly formed limited partnership composed of Societe de gestion d'actifs forestiers Solifor, s.e.c. and the principal shareholder of Scierie Dion & Fils inc., a local sawmill operator. The Seigneuries of Nicolas Riou and Lac Metis, both located in the Bas-Saint-Laurent region, were sold to two newly formed limited partnerships created by Societe de gestion d'actifs forestiers Solifor, s.e.c. Scotia Capital Inc. acted as exclusive financial advisor to AbitibiBowater for this sale process. AbitibiBowater produces a wide range of newsprint, commercial printing papers, market pulp and wood products.