Blackstone’s funds divested shares of Norske Skog

Norske Skogindustrier ASA informed that on August 14, 2017, funds under the management of GSO Capital Partners, a limited partnership controlled by The Blackstone Group L.P., had sold 23,969,076 shares of Norske Skogindustrier ASA at a net price of NOK 0.40 per share.

According to the announcement, after the transaction, GSO ownsno shares in Norske Skog. Just tree weeks ago, GSO Capital Partners decreased their shareholding in the company to 17.23%.

Earlier Norske Skog received a recapitalization proposal and extended the deadlines.

About Norske Skog:

The company is a leading producer of newsprint and magazine paper. The company has 9 paper mills around the world.

Source: Woodbizforum