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Domtar to sell its forest products business for approximately CDN$285 million
June 22, 2007
Domtar Corporation announced that it has entered into an agreement for the sale of its forest products business to the newly created Conifex Inc. for approximately CDN$285 million including an estimated CDN$50 million of working capital. The transaction is subject to government approvals for the transfer of forest licences, regulatory approvals and customary closing conditions. Closing is expected before the end of the year.
The Domtar team is led in-house by Yves Binette and Ania Brzezinski. Ogilvy Renault LLP is representing Domtar as external counsel with a team composed of: Frank Picciola, Stephen Kelly, David Millette, Julie Elmlinger and Karina Kessaris (Corporate M&A); Miguel Manzano, Mario Caron, Julie Paquette, Philippe de Grandmont, Louis Philippe Patry, Carole Gelinas, Hélene Gelinas, Lison Beaudoin and Nellie Taylor (Real Estate); Jules Charette (Tax); Martin Rochette and Julie Paquet (Pension and Benefits); Anne Gallop and John Mastoras (Employment and Labour); Leanne Souquet (Intellectual Property); Jean Piette and Richard King (Environment); Dany Assaf and Jason McKenzie (Antitrust and Competition); and Alain Ricard (Banking).
For more details please consult Domtar's press release at: http://www.domtar.com/en/media/pressreleases/3967.asp.
Contacts
Peter Zvanitajs - Toronto
Senior Advisor, Media Relations
416.216.1871
pzvanitajs@ogilvyrenault.com
Joanne Lajeunesse - Montréal
Director, Marketing and Media Relations - Quebec Region
514.847.4723
jlajeunesse@ogilvyrenault.com
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