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BRIEF-Norske Skog stake priced at NOK 11.5/shr -sources

Thu Jun 4, 2009 10:53pm IST
 
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OSLO, June 4 (Reuters) - Market sources said on Thursday:

* A placement of a 5.9 pct stake in Norwegian papermaker Norske Skog (NSG.OL: Quote, Profile, Research) for its biggest shareholder Unionen was priced at 11.50 per share and the offering was closing immediately.

* The price was 11.9 pct below Norske Skog's closing price of 13.06 crowns.

(For details of the placement [nL4997905])

(Reporting by John Acher and Richard Solem)

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