Monday, November 26, 2012

Domtar Buys Ottawa/Gatineau Hydro Assets

Domtar announces closing of sale of Ottawa/Gatineau hydro assets: Domtar Corporation (NYSE: UFS) (TSX: UFS) confirmed the November 20 closing of its previously announced Definitive Purchase and Sale Agreement ("the agreement") signed by its Canadian subsidiary, Domtar Inc., for the sale of its hydro assets in Ottawa, Ontario and Gatineau, Québec. The purchaser is Chaudière Hydro L.P. ("Chaudière Hydro"), the newly-created affiliate of Energy Ottawa Inc.