ABITIBIBOWATER ANNOUNCES SIGNING OF C$615 MILLION AGREEMENT IN PRINCIPLE FOR THE SALE OF INTEREST IN MANICOUAGAN HYDROELECTRIC FACILITY
AbitibiBowater Inc. today announced it has signed a non-binding agreement in principle with Hydro-Quebec for the sale of its 60 percent interest in the hydroelectric facility located on the Manicouagan River (the “Facility”), for gross proceeds of C$615 million.