Canfor Corporation completed the transfer of the Vavenby forest tenure to Interfor.
According to the announcement, the sale of the Vavenby tenure provides the best opportunity for future economic activities and employment in the local communities.
Interfor acquires two replaceable licenses with annual cutting rights of approximately 349,000 cubic meters, an interest in a non-replaceable forest licence and other related forestry assets in the BC Interior that were previously associated with Canfor’s Vavenby sawmill
The cash purchase price is $60 million.
