Bowater Sells Lacroix Freehold Private Timberlands

On June 22, 2006 Bowater Canadian Forest Products Inc. and Bowater Maritimes Inc. completed their sale of the private timberlands in Quebec known as the “Lacroix Freehold” to Gestion Forestière Lacroix, a subsidiary of Société générale de financement du Québec, for an undisclosed purchase price.

Bowater was represented in-house by Ron Lindsay and Claude St-Laurent and by Ogilvy Renault LLP with a team that consisted of Francis Legault, Stephen Kelly and Afroditi Ladovrechis (M&A); Mario Caron (real estate) and Yves St-Cyr (tax). Société générale de financement was represented in-house by Bertrand Thibert and by Davies Ward Phillips & Vineberg LLP with a team consisting of Hillel Rosen and Sébastien Thériault (M&A); Michel Pelletier (real estate) and Fred Purkey (tax