Domtar completes sale of Norampac stake


4 December 2006 — Montreal (CAN): Domtar has completed the sale of its 50 percent stake in Norampac to Cascades for C$560 million ($476 million).

Cascades is believed to have financed the acquisition through a public offering of over 15 million subscription receipts which generated C$360 million and a private placement of nearly four million subscription receipts, accounting for another C$200 million.