The Norwegian Revised National Budget has been approved and the last remaining
conditions precedent for completion of the transaction with Norsk nuklær
dekommisjonering (NND) will be satisfied in the beginning of the third quarter
of 2026.
The gain of NOK 330 million will be recognised at the time of completion in the
third quarter of 2026, rather than in the second quarter as previously
communicated. This will positively influence other operating income and EBITDA
in the third quarter. Cash proceeds of NOK 780 million will also be received in
the third quarter.
"We are very pleased with the efforts from all parties and stakeholders so far
and look forward to concluding this complex transaction with NND", says Geir
Drangsland, CEO of Norske Skog.
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: carsten.dybevig@norskeskog.com
Mob: +47 917 63 117
Norske Skog capital markets:
Senior Vice President Corporate Finance
Even Lund
Email: even.lund@norskeskog.com
Mob: +47 906 12 919
Email: even.lund@norskeskog.com\
Mob: +47 906 12 919\