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AbitibiBowater to Sell Select Timberlands in Quebec

Oct. 29, 2008 - AbitibiBowater said that it intends to sell three forest units located in the Mauricie and Bas-Saint-Laurent regions in the Province of Quebec, Canada.

The timberland assets include the Seigneuries of Perthuis, Nicolas-Riou and Lac Metis, which comprise a total area of approximately 76,724 hectares (or 189,508 acres) and have a timber inventory of over 7.7 million cubic meters.

AbitibiBowater has retained Scotia Capital as exclusive financial advisor for the sale process. All inquiries or expressions of interest should be forwarded directly to their attention, AbitibiBowater said.

SOURCE: AbitibiBowater




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