Tembec sells OSB plant;reports fiscal quarterly loss

摘要

Tembec closed a deal with a major shareholder at just the right time that gives the global pulp producer breathing room on making interest payments on debt,company officials said last week.The company will receive C98 million from Jolina Capital-which is owned by Emanuele Saputo,who owns about 18.5% of Tembec's outstanding common shares- for selling its oriented strand board mill in Saint-Georges-de-Champlain,Que.