NSKOG: Norske Skog completes transaction with NND
2026-10-01 07:00:00
Reference is made to the press release dated 1 July 2026. The sale of properties
from Norske Skog Saugbrugs to Norsk Nukleær Dekommisjonering (NND) was completed
in the third quarter of 2026 following a significant effort from both parties.
Norske Skog Saugbrugs will have access to the areas for the continued operation
of PM4 and PM5 until the second half of 2028.
"We are very pleased to have completed this comprehensive transaction with NND,
and we look forward to continuing our good cooperation and to work closely
together in Halden going forward," says Geir Drangsland, CEO of Norske Skog.
The transaction will result in an accounting gain of approximately NOK 330
million, positively impacting EBITDA, which will be recognised in the third
quarter of 2026. The proceeds of NOK 770 million from the sale will be
recognised as receivable on 30 September 2026 until received from the settlement
agent in October. The proceeds will be used to repay NOK 400 million of
short-term debt and further strengthen Norske Skog's liquidity.
About Norske Skog
Norske Skog is a producer of packaging paper and publication paper across four
mills in Europe. Packaging paper includes testliner and fluting and publication
paper includes newsprint and magazine paper. The annual production capacity of
packaging paper is 0.8 million tonnes, and the annual production capacity of
publication paper is 1.2 million tonnes. Packaging paper and publication paper
are sold through sales offices and agents. Norske Skog has approximately 1 650
employees and the parent company, Norske Skog ASA, a public limited liability
company, is incorporated in Norway and has its head office in Oslo. The company
is listed on Oslo Stock Exchange with the ticker NSKOG.
Norske Skog
Communications and Public Affairs
For further information:
Norske Skog media:
Vice President Communication and Public Affairs
Carsten Dybevig
Email: [email protected]
Mob: +47 917 63 117
Norske Skog capital markets:
Senior Vice President Corporate Finance
Even Lund
Email: [email protected]
Mob: +47 906 12 919
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Email: [email protected]\
Mob: +47 906 12 919\