Edition:
United Kingdom

Canfor Says Agreement To Sell Vavenby Forest Tenure To Interfor For $60 Mln


Tuesday, 4 Jun 2019 

June 3 (Reuters) - Canfor Corp ::CANFOR TO PERMANENTLY CLOSE VAVENBY SAWMILL.CANFOR HAS REACHED AN AGREEMENT TO SELL FOREST TENURE ASSOCIATED WITH VAVENBY SAWMILL TO INTERFOR FOR A PRICE OF $60 MILLION.AFTER CLOSURE OF VAVENBY, CANFOR WILL HAVE 12 SAWMILLS IN CANADA, WITH TOTAL ANNUAL CAPACITY OF APPROXIMATELY 3.55 BILLION BOARD FEET.