Reference is made to the press release dated 1 July 2026. The sale of properties from Norske Skog Saugbrugs to Norsk Nukleær Dekommisjonering (NND) was completed in the third quarter of 2026 following a significant effort from both parties. Norske Skog Saugbrugs will have access to the areas for the continued operation of PM4 and PM5 until the second half of 2028.
“We are very pleased to have completed this comprehensive transaction with NND, and we look forward to continuing our good cooperation and to work closely together in Halden going forward,” says Geir Drangsland, CEO of Norske Skog.
The transaction will result in an accounting gain of approximately NOK 330 million, positively impacting EBITDA, which will be recognised in the third quarter of 2026. The proceeds of NOK 770 million from the sale will be recognised as receivable on 30 September 2026 until received from the settlement agent in October. The proceeds will be used to repay NOK 400 million of short-term debt and further strengthen Norske Skog’s liquidity.
About Norske Skog
Norske Skog is a producer of packaging paper and publication paper across four mills in Europe. Packaging paper includes testliner and fluting and publication paper includes newsprint and magazine paper. The annual production capacity of packaging paper is 0.8 million tonnes, and the annual production capacity of publication paper is 1.2 million tonnes. Packaging paper and publication paper are sold through sales offices and agents. Norske Skog has approximately 1 650 employees and the parent company, Norske Skog ASA, a public limited liability company, is incorporated in Norway and has its head office in Oslo. The company is listed on Oslo Stock Exchange with the ticker NSKOG.
Norske Skog
Communications and Public Affairs
For further information:
Norske Skog media:
Vice President Communication and Public Affairs
Carsten Dybevig
Email: carsten.dybevig@norskeskog.com
Mob: +47 917 63 117
Norske Skog capital markets:
Senior Vice President Corporate Finance
Even Lund
Email: even.lund@norskeskog.com
Mob: +47 906 12 919