Monday, August 13, 2012

Ernst & Young Recommends Port Hawkesbury Sale


The court-appointed monitor overseeing the sale of NewPage Port Hawkesbury is recommending creditors vote in favour of selling the mill to Pacific West Commercial Corp.
In his 12th report released Thursday, Ernst & Young senior vice-president Mathew Harris recaps the creditor protection process, from the dire financial straits that forced the beleaguered mill to shutter last September, to the lengthy ongoing sales process.