AbitibiBowater sells golf course to town of Donnacona

AbitibiBowater has sold its company owned golf course, and its surrounding park land to the town of Donnacona, Quebec for $352,000.

Some of the park land is zoned for residential development.

AbitibiBowater operated a paper mill, Donnacona Paper Ltd., in the town of 6,000 residents until it closed the mill in 2007.

AbitibiBowater has also sold 4 company-owned homes in Dolbeau-Mistassini, Quebec (200 miles north of Donnacona) where AbitibiBowater also owns a pulp mill. One of the homes sold for $225,000 and the other three for $100,000.

During AbitibiBowater's restructuring, the company has also sold 4 sculptures, and 14 paintings at Sotheby's auction house in Toronto for $363,000. More works of art will soon be placed on the market with hopes of attracting another $40,000.

Sources:

AbitibiBowater selling golf course to Quebec town of Donnacona for $352,000 (Canadian Business Online)

AbitibiBowater Sells Golf Course To Quebec Town (Wall Street Journal)