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Sale Of Forest Cutting Rights Unconditional
Sale Of Forest Cutting Rights Unconditional
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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