Paper company AbitibiBowater sells timberland in Quebec for 53 million Canadian dollars
Paper company AbitibiBowater on Wednesday said that it has sold 300,000 acres of private timberlands in Quebec for 53 million Canadian dollars.
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.