Port of Sept-Îles announces agreement for acquisition of land in Pointe-Noire area

The Port of Sept-Îles has reached an agreement, subject to judicial approval, regarding its acquisition of land in the Pointe-Noire area. The land is currently subject to proceedings initiated by Wabush Iron Co. and Wabush Resources Inc. under the Creditors Arrangement Act.

The motion hearing for a transaction that would see certain Pointe-Noire assets sold to Investissement Québec has already been set for February 1.

The Port of Sept-Îles has reached an agreement, subject to judicial approval, regarding its acquisition of land in the Pointe-Noire area. The land is currently subject to proceedings initiated by Wabush Iron Co. and Wabush Resources Inc. under the Creditors Arrangement Act.

The motion hearing for a transaction that would see certain Pointe-Noire assets sold to Investissement Québec has already been set for February 1. The motion will be amended so that the port’s intended acquisition of land in the Pointe-Noire area can be approved during the hearing. For more details on the upcoming transaction with the port, visit the auditor’s website here.

Maritime Editorial