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IndustriSkog & Cellulosa
Norske Skog är verksamma inom skogsindustrin. Bolaget är en tillverkare av diverse produkter för nyhetstidningar, posters samt kontorspapper. Störst verksamhet återfinns inom den nordiska marknaden, men företaget har även produktionsanläggningar runtom den australiensiska marknaden. Kunderna består av diverse företagskunder inom varierande branscher.
2022-12-20 08:00:00
Norske Skog Saugbrugs and Ringstad Næringsutvikling have together, through
Porsnes Utvikling AS, developed and completed modern facilities for high school
education in Halden. The project has reused infrastructure and building
structures from the former fine paper mill at Saugbrugs, which contributes to a
historic and sustainable profile. Porsnes Utvikling AS has completed a sales
transaction whereby Viken county municipality becomes the new owner of the
facilities through acquiring the shares in the holding company, after having
taken over as tenant in July earlier this year.

«Saugbrugs has engaged in industrial activities in Halden for centuries and is a
proud employer and contributor to industry and business activities in the
region, both directly and indirectly. Together with Ringstad, we have completed
a unique vocational education arena that will further strengthen Halden's
educational offering and foundation for business development. Viken county
municipality's takeover of the building secures long-term quality ownership»
says Per Ivar Berg, managing director in Norske Skog Saugbrugs AS.

Norske Skog Saugbrugs' former industrial facilities have been completely
rehabilitated and renewed to a modern and high quality high school building with
a historic look and an impressing spectre of educational offerings. In addition
to traditional class rooms, the building offers modern music studios, two
concert halls, wood workshops, and mechanic installations.

«I am very pleased that we have agreed and completed this transaction. It is a
better solution to own than to rent the high school facilities, thus this
transaction is a good use of funds for the municipality. The solution also
offers better visibility and control for the new Østfold county municipality»
says Siv Henriette Jacobsen (Labour Party), council leader in Viken county

The purchase price is based on a gross property value of NOK 730 million,
adjusted for various balance sheet items in the school building's holding
company. Net proceeds to Norske Skog is expected to be approximately NOK 200

Akershus Eiendom has advised Porsnes Utvikling as transaction advisor, with
Advokatfirmaet Thommessen as legal advisor. Viken county municipality received
legal advise from Wikborg Rein and financial advise from SEB.

About Norske Skog Saugbrugs AS
Norske Skog Saugbrugs has approximately 400 employees and 40 apprentices, and a
turnover of NOK 2.0 billion and a production capacity of 330,000 tonnes magazine
paper with core markets in Europe and North America. Saugbrugs produces 2.0
million cubic metres of biogas annually. Norske Skog Saugbrugs has established
the companies CEBINA and CEBICO to further develop the commerical efforts within
nano cellulose and bio composites.

About Ringstad Næringsutvikling AS
Ringstad Næringsutvikling, a company in Ringstadgruppen, has for more than 40
years been engaged in development, management, and rental of commercial real
estate. The properties are managed by the group and there is a strong focus on
personal service. The company owns approximately 30 000 square metres of
commercial real estate for rental across Halden and surrounding areas.

About Porsnes Utvikling AS
Porsnes Utvikling is a joint venture between Norske Skog Saugbrugs AS and
Ringstad Næringutvikling AS, with the purpose of developing available industrial
properties at Norske Skog Saugbrugs for new applications. The parties are equal
shareholders in Porsnes Utvikling AS.

About Viken county municipality
Viken is Norway's largest municipality with more than 1.2 million inhabitants,
close to a quarter of Norway's population. The municipality has in total 11 763
employees, whereof 9 579 works in the municipality's high schools. Viken has a
broad and strong high school offering. The municipality works systematically
with research institutions, educational institutions and businesses to provide
the youth with the best educational offering in the country. Viken has 58 high
schools, 4 community colleges, and a consolidated vocational school. Viken shall
be a school owner that provides all youth with an education that supports them
for the future.

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 financial markets:

Investor Relations Manager
Even Lund
Email: Even.Lund@norskeskog.com
Mob: +47 906 12 919

Viken county municipality:
Maria Dumitrascu Imrik
Political Advisor
Email: mariaim@viken.no
Tlf. +47 986 87 871