AbitibiBowater wants to sell its fishing camp in Newfoundland and Labrador

AbitibiBowater is seeking the court's permission to sell its fishing camp at Hunt River and Char Lake in Newfoundland and Labrador.

A mining company, 1512513 Alberta Ltd., has agreed to purchase the camp for $1.4 million plus sales tax.

The camp had been used primarily for corporate entertaining. Operating the camp costs AbitibiBowater $480,000 annually.

The property was originally appraised at $3.5 million, but a purchaser could not be found at that price.

Source:

AbitibiBowater unloading Newfoundland fishing camp for $1.4 million (Canadian Press)