Enron Corp. won approval to sell a Canadian paper mill and timberlands for $205 million to the head of Brant-Allen Industries Inc. a U.S.-based newsprint producer.
U.S. Bankruptcy Judge Arthur J. Gonzalez, who is overseeing Enron's Chapter 11 bankruptcy case, approved the sale of Papiers Stadacona Ltee. and St. Aurelia Timberlands Co. to Peter M. Brant.
Enron bought the businesses for $364 million in March 2001 from Daishowa North America Inc. Brant-Allen owns Bear Island Paper, a newsprint mill in Virginia, as well as F.F. Soucy Inc. Dow Jones
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