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Madison Paper Industries, UPM conclude sale of hydro power facilities

HELSINKI -- Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, concluded the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA on 31 July 2017.

The transaction was announced by Madison Paper Industries in April 2017.

UPM also concluded the sale of its hydro power facilities in Steyrermühl, Austria to Energie AG, an energy infrastructure company located in Upper Austria on 31 July 2017.

The transaction was announced in March 2017.

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