Archive

  • Forestry
  • May 31, 2001 00:00

Norske Skog announces equity offering of NOK 3.2 billion

The Board of Norske Skog has decided to recommend an extraordinary general meeting to vote on the Company carrying out a share issue of approximately NOK 3.2 billion (approximately USD 350 million), including an over-allotment option. Proceeds from the offering will be used to partially finance the increased ownership stake in Pan Asia Paper Company, and the acquisition of two paper mills in Germ... [more...]

  • May 31, 2001 00:00

Peru Creates Huge New Park in Rainforest

On May 22, 2001, the Peruvian government created a 5,225-square-mile national park, thereby protecting a pristine area of Andean rainforest that is bigger than Connecticut and extraordinarily rich in biodiversity. The new Parque Nacional Cordillera Azul – one of the largest parks in the world – sits in one of the last tracts of virgin rainforest still undeveloped and largely uninhabited. As su... [more...]

  • Forestry
  • May 30, 2001 00:00

Norske Skog: Increased ownership in Pan Asia

Norske Skog and Abitibi Consolidated have signed an agreement to acquire Hansol Paper's 1/3 ownership in Pan Asia Paper Company (Pan Asia). The two companies will each own 50 per cent of Pan Asia after the transaction, and Norske Skog will pay USD 175 million (NOK 1.6 billion) for the increased equity. The agreement also provides for the possibility of a USD 5 million earn-out. The transactio... [more...]

  • Forestry
  • May 30, 2001 00:00

Logging Giant’s Lawsuit Defeats Popular U.S. Roadless Policy

News Analysis from Rainforest Action Network BOISE CASCADE: 1 U.S. PUBLIC: 0 The ruling by U.S. District Judge Edward J. Lodge to halt implementation of the U.S. Roadless Policy marks an extraordinary victory by Boise Cascade over forest protection efforts and the American public. Boise Cascade-acting as the lead plaintiff and the primary logging industry opponent to the Roadless Policy-was t... [more...]

  • Forestry
  • May 30, 2001 00:00

BIOTIC INVASIONS: LESSONS FROM AUSTRALIA

Australia can teach the world a lot about plant and animal invasions, says Dr Richard Mack of Washington State University. Dr Mack, a Professor of Biological Sciences, has spent the past eleven months at CSIRO Entomology, a division of Australia's national science agency, investigating the invasiveness of foreign species. He has been trying to identify and predict why plant and animal immi... [more...]

  • Forestry
  • May 29, 2001 00:00

HAINDL MILLS TO UPM-KYMMENE AND NORSKE SKOG

Norske Skog has entered into an agreement to acquire two paper mills currently owned by the German company Haindl. The four other Haindl mills will be acquired by UPM-Kymmene. Under the agreement, Norske Skog will acquire the Walsum mill in Ruhr, Germany, and the Parenco mill in Renkum, The Netherlands, with a ombined capacity of 860,000 tonnes. Acquisition cost of the two mills is EUR 1.082 b... [more...]

  • Forestry
  • May 29, 2001 00:00

UPM-KYMMENE ACQUIRES HAINDL OF GERMANY

UPM-Kymmene Corporation (HSE: UPM1V, NYSE: UPM) has agreed to acquire 100% of the shares of the German paper producer G. Haindl'sche Papierfabriken KGaA ("Haindl") for a total consideration of EUR3.64 billion. In addition, UPM-Kymmene will assume Haindl's net financial liabilities of approximately EUR 210 million. The total enterprise value will be EUR 3.85 billion. As a part of the acquisition t... [more...]

  • May 29, 2001 00:00

AssiDomän proposes redemption of shares for SEK 12 billion

The Board of Directors of AssiDomän decided today to propose a transfer of approximately MSEK 12,000 to AssiDomän's shareholders. It is proposed that the transfer will be effected through redemption of shares. Redemption requires a resolution at a general meeting. The Board has therefore decided to convene an extraordinary general meeting in the autumn. Detailed terms for the redemption will b... [more...]

  • Forestry
  • May 28, 2001 00:00

Norske Skog and Abitibi Consolidated in Deal

Norske Skog, Norway's largest forestry group, and Abitibi Consolidated, the Canadian paper manufacturers, have signed an agreement to acquire Hansol Paper's 1/3 ownership in Pan Asia Paper Company (Pan Asia). The two companies will each own 50 per cent of Pan Asia after the transaction, and Norske Skog will pay USD 175 million (NOK 1.6 billion) for the increased equity. The agreement also provides... [more...]

  • May 25, 2001 00:00

USDA TO MOVE FORWARD WITH RESPONSIBLE PROCESS THAT ADDRESSES ROADLESS CONCERNS

May 10th the U.S. District Court for the District of Idaho preliminarily enjoined USDA from implementing the Roadless Area Conservation Rule on May 12, 2001. The decision does not preclude USDA from moving forward with efforts announced last week for a responsible process that addresses reasonable concerns raised about the rule. "This administration is committed to providing roadless pr... [more...]

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