Auckland, 14
March 2003 – Fletcher Challenge Forests advises that the
US$65 million forest cutting rights contracts with two
entities managed and advised by UBS Timber Investors are now
unconditional. Closing is scheduled for the end of March,
2003.
Details of the cutting rights contracts can be found
on the Company’s website, http:// http://www.fcf.co.nz, under “News
Releases”.
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