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(PRESS RELEASE) MONTREAL, March 29 /PRNewswire-FirstCall/ - Domtar Corporation (NYSE/TSX: UFS) today announced that it has entered into an agreement to sell its forest products business to EACOM Timber Corporation (TSX-V: ETR; "EACOM") for CDN$80 million plus elements of working capital estimated at CDN$30 to CDN$40 million. Domtar will receive 19% of the proceeds in shares of EACOM. The transaction is expected to close at the end of the second quarter of 2010, subject to material consents and customary closing conditions.
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- Companies:
- Domtar Paper
- People:
- Jean-Fran
- John D. Williams
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