Repap News Release
REPAP ENTERPRISES INC. - ANNOUNCEMENT
MONTREAL (QUEBEC), April 9 /CNW/ - Repap Enterprises Inc. confirmed today
that, with the assistance of its financial advisors, it is actively reviewing
the alternatives available to it to maximize shareholder value. Repap has been
contacted by a number of companies who have expressed interest in the
Corporation or certain of its assets. Repap's preferred alternative continues
to be the sale or merger of the entire Corporation. It is also in discussions
with its lenders to address the liquidity necessary to carry out this process.
The Corporation will keep the market informed of any material developments as
they occur.
Repap Enterprises is a fully integrated, high technology North American
forest products company with an annual capacity of 1,000,000 tons of coated
paper, 170,000 tons of superior strength kraft paper and lumber operations in
Manitoba and New Brunswick.
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For further information: Daniel D. Veniez, Vice President, Human Resources & Corporate Affairs,
(514) 846-1316; or Kathleen V. Cornish, Vice President, Investor Relations, (514) 846-6220
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