Sappi
will part with its Usutu assets in Swaziland. The firm announced this morning
that it entered into an agreement with Montigny Investments in terms of which
the latter will acquire all the shares in Usutu Forest Products Company for
Rand 1 billion ($101 million).
Usutu
controls some 67,000 ha of softwood plantations, a decommissioned pulp mill and
two villages in close proximity to the pulp mill, all located in the Kingdom of
Swaziland.
