Norske Skog gets approval for Pan Asia acquisition
Nov 08, 2005. Norske Skogindustrier ASA Tuesday said the Australian commerce and consumer commission gave unconditional approval of Norske Skog's acquisition of the remaining 50% of the shares in Pan Asia Paper Company.
Nov 08, 2005. /Lesprom Network/. Norwegian paper company Norske Skogindustrier ASA Tuesday said the Australian commerce and consumer commission gave unconditional approval of Norske Skog's acquisition of the remaining 50% of the shares in Pan Asia Paper Company from Abitibi-Consolidated Inc.
The deal is expected to close on November 18, at which time the transfer of funds will also take place.
PanAsia will be fully consolidated into Norske Skog financial accounts as of November 18.