VANCOUVER, B.C. — The B.C. government will announce today its decision on the sale of Skeena Cellulose at a B.C. Supreme Court hearing.
On Wednesday, Cabinet reviewed a proposal by Mercer International to purchase the company, but no announcement was forthcoming at that time.
The government has lost $400 million in investment in Skeena, which was made by the prior NDP government. Also coming up on the short end of the stick were truckers who had thousands of dollars of cheques from the company bounce.
The B.C. Liberals have insisted the pulp and sawmilling company be sold, to stem any further losses. The Mercer offer is the only one being considered.
Radio reports, however, have suggested that the government will reject the sale, which is worrisome to northwestern B.C. residents who relied on Skeena as one of the region’s biggest employers.
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