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Saturday, June 25, 2022

Tag: forestry

Norske Skog jumps on new rescue plan

Investors seemed to like a "last chance" rescue plan for Norske Skog that was presented by its board of directors Wednesday afternoon. After numerous...

Norske Skog rescue plan wins some nods

Norwegian investor Christen Sveaas seemed to be getting a good reception for a rescue plan he and the board of Norske Skog presented for...

Lenders take control over Norske Skog

UPDATED: One of the most important groups of creditors at debt-laden forestry firm Norske Skog has seized control of the company's production plants. They've...

Norske Skog finally secures temporary refinancing

Debt-laden Norske Skog announced Monday it had secured a loan agreement from some of its own creditors for EUR 16 million that will allow...

Sveaas new chairman of Norske Skog

Shareholders of embattled Norwegian forestry firm Norske Skog voted as expected on Thursday to elect investor and forest owner Christen Sveaas as their new chairman...

Norske Skog wins another reprieve

"Considerable progress" in its debt negotiations with creditors has helped troubled Norwegian forestry firm Norske Skog gain more time in its battle to avoid bankruptcy....

Rescue hopes rise for Norske Skog

As major Norwegian forest products firm Norske Skog faced a deadline Friday for its debt negotiations, optimism was rising at home in Norway. Investor Christen Sveaas'...

Norske Skog soars on Sveaas’ stake

Norwegian investor Christen Sveaas has emerged as a would-be saviour for long-ailing forestry firm Norske Skog. His purchase of a major block of stock...

Ailing Norske Skog strives to survive

NEWS ANALYSIS: Forest products firm Norske Skog was once one of Norway's top industrial companies, founded by forest owners in 1962 and still one of...

Forestry firm’s fate may lie with state

Shares in crisis-ridden forestry firm Norske Skog rebounded this week after Prime Minister Erna Solberg wouldn't rule out contributing to a rescue plan for the last...

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