Nouvelles

Domtar bought for US$3 billion by Asian capital

The acquisition agreement, which is reported to have a total value of US$3 billion, including assumed debt, primarily involves the purchase of 100% of Domtar’s shares for US$55.50 each in cash.

As with the mining industry, the arrival of an Asian player may change the corporate culture of the forest industry.

We don’t do business in Canada the way we do in Asia.

It is to be hoped that a flagship such as Domtar will not suffer the economic impact of this cultural change.

Jean-Yves Poitras,

Industrial Development Commissioner

 

Source of the image (Windsor mill) and the article from LA PRESSE HERE