Brazilian forest sale.Norske Skog Norske Skogindustrier ASA or Norske Skog, (OSE: NSG) which translates as Norwegian Forest Industries, is a Norwegian pulp and paper company based in Oslo, Norway and etablished in 1962. has agreed to sell its Pisa Florestal forest property in Brazil to an investment fired advised by UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Timber Investors, a global capability of UBS Asset Management. The property totals 102,000 hectares, of which 56,000 ha is planted and intensively managed to produce an annual her vest of approximately 1.4 million m3. The parties have agreed to a long-term supply contract that will ensure a stable supply of pulpwood pulp·wood n. Soft wood, such as spruce, aspen, or pine, used in making paper. pulpwood Noun pine, spruce, or any other soft wood used to make paper Noun 1. to the Norske Skog PISA newsprint mill. Terms were not disclosed. The total value of the Norske Skog forest properties being sold in south Norway, Sweden, and Brazil is NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.3 to 1.4 billion (US$ 146 million). |
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