GreenFirst Forest Products (TSE:GFP) has released an update.
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GreenFirst Forest Products Inc. has made a strategic move by transferring approximately $26.5 million of its defined benefit pension obligations to a Canadian insurance company, which is expected to result in a net settlement gain of about $0.8 million. This transaction, which begins in November 2024 and involves no cash funding from GreenFirst, aims to decrease the company’s financial risk and administrative expenses, streamlining its operations.
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