Their identifies are not public, but we do know now that 8 bidders have firmed up their interest for the idled NewPage Port Hawkesbury operation with a $250,000 deposit.
The court appointed monitor, Ernst & Young, along with NewPage Port Hawkesbury, Sanabe & Associates, and legal counsel, are evaluating the offers and will narrow them down to 2 by Friday. The unsuccessful bidders will have their deposits returned.
It is not known whether any of the 8 bidders are interested in operating the mill, or parts of the mill, or if they are seeking to liquidize the mill’s assets. It is possible that the bidders may attach conditions of provincial funding, or employee concessions as a condition of their bid.