AbitibiBowater to sell hydroelectric assets
AbitibiBowater Inc. says it hopes to sell the bulk of its hydroelectric assets in Ontario by early next year in an ongoing effort to reduce its debt load and improve operational profitability.
Forest products giant AbitibiBowater Inc. said yesterday that the value of the timber and hydro assets being expropriated by the Newfoundland and Labrador government is about $300 million.