NS negotiating to buy Resolute mill
The province of Nova Scotia is negotiating exclusively with Resolute Forest Products Inc. to acquire most of the assets of the shuttered Bowater Mersey Paper Co. Ltd.
According to The Chronicle Herald, the deal would allow the Montreal company to make good on pensions for more than 500 former workers at the Brooklyn, Queens County, plant, and could be inked before the end of the year, said a source familiar with the negotiations.
The company refused to discuss the matter Monday when asked for an update on negotiations with the province.
“It is not appropriate for us to comment on the details of our current negotiations, nor is it fair to anyone involved for us to respond to rumours or speculation during the overall sales process,” Seth Kursman, vice-president of communications, sustainability and government affairs with Resolute Forest Products, said in an email.
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