Norske Skog sells the 5.2 hectare property Ranheim Vestre in Trondheim Municipality to Maja Eiendom for NOK 72 million.
Maja Eiendom plans to develop the area for residential purposes. This is in accordance with the municipal zoning plan for the area.
It is Norske Skog's wholly owned subsidiary Ranheim Eiendomsutvikling AS which sells the property. The sale will yield a recognised gain of about NOK 70 million before tax.
Eiendomsmegler 1 Midt-Norge has assisted Norske Skog with the sale.
Oxenøen, 11 July 2008
Norske Skog
Corporate affairs
For further information:
Norske Skog:
Vice president corporate affairs
Tom Bratlie
Telephone: +47 905 21 904
Maja Eiendom:
Roger Holmgren
Telephone: +47 951 05 650
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Maja Eiendom plans to develop the area for residential purposes. This is in accordance with the municipal zoning plan for the area.
It is Norske Skog's wholly owned subsidiary Ranheim Eiendomsutvikling AS which sells the property. The sale will yield a recognised gain of about NOK 70 million before tax.
Eiendomsmegler 1 Midt-Norge has assisted Norske Skog with the sale.
Oxenøen, 11 July 2008
Norske Skog
Corporate affairs
For further information:
Norske Skog:
Vice president corporate affairs
Tom Bratlie
Telephone: +47 905 21 904
Maja Eiendom:
Roger Holmgren
Telephone: +47 951 05 650
This press release was brought to you by Hugin Online, distributor of electronic press releases for companies listed on selected European stock exchanges. Address:
To alter your subscription profile or to unsubscribe, please go to: http://www.huginonline.com/email
The Hugin Team
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