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Norske Skog ASA ( (DE:0BQ) ) has issued an update.
Norske Skog Saugbrugs has finalized a NOK 540 million insurance settlement related to a rockslide incident, with payments expected in the first quarter of 2025. This settlement provides the company flexibility in planning future investments and development at the Saugbrugs site, reflecting a strategic move to enhance its operational capacity and market positioning.
More about Norske Skog ASA
Norske Skog is a prominent producer of publication paper with a strong presence in Europe and Australasia. The company operates four mills in Europe and one in Australia, focusing on publication paper, recycled packaging paper, energy, and bioproducts. Headquartered in Norway, Norske Skog is listed on the Oslo Stock Exchange and employs around 2,100 people. The company is actively working towards diversifying its operations and transforming into a high-margin business with various energy and bio product projects.
YTD Price Performance: -26.47%
Average Trading Volume: 408
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €137M
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