Norske Skog has entered into a definitive agreement to sell its Korean Subsidiary to Morgan Stanley Private Equity Asia and Shinhan Private Equity. The transaction includes the two newsprint mills Jeonju and Cheongwon, and is part of the process to reduce Norske Skog's net debt. The sale of the business in Korea will reduce Norske Skog's net debt by approximately 25 percent. This will give us more financial flexibility, and provide an improved basis for the further work to restructure the group, says CEO Christian Rynning-Tonnesen.
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机译：Norske Skog已达成最终协议，将其韩国子公司出售给Morgan Stanley Private Equity Asia和Shinhan Private Equity。这笔交易包括两家新闻纸厂全州和清原，这是减少诺斯克·斯克格净债务过程的一部分。出售韩国业务将使Norske Skog的净债务减少约25％。 CEO Rynning-Tonnesen表示，这将给我们带来更大的财务灵活性，并为进一步重组集团提供更好的基础。
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