With Resolute deal, Canada’s forest sector shows it can still attract investors – just not enough domestic ones

Cedar planks are stacked at a lumber yard in Montreal in 2017. Paul Chiasson/The Canadian Press

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Back in the last century, when the weekend print editions of North American newspapers typically weighed as much as a cement block, owning a forest products company was a source of infinite wealth for some of Canada’s richest families.

So much so that, in the 1980s, the Reichmann brothers got into a bidding war to acquire Abitibi-Price and Quebecor founder Pierre Péladeau teamed up with British press baron Robert Maxwell to buy Donohue.

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Source: The Globe and Mail

 

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