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BtoB

Dow Jones sells interest in Canadian paper mill

Published on .

New York—Dow Jones & Co. announced Friday it has concluded the sale of its 39.9% minority interest in F.F. Soucy, a Canadian newsprint mill, to the property’s majority owner, Brant-Allen Industries. The sale price was $40 million in cash. Dow Jones said it will use the estimated $38 million in after-tax proceeds from the transaction to reduce its commercial paper borrowings.

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