Tuesday, January 18, 2011

AbitibiBowater still looking to sell hydro assets

AbitibiBowater is still considering a sale of its hydro assets in Ontario.  The hydro dam at Fort Frances, is among those that have long been targeted for sale.  Executive vice-president William Harvey says proceeds from any sale will go towards reducing the companies debt.  Harvey says any sale, though, will be done without impacting mill operations.