## Recycled newsprint maker to be sold this month
_By Editorial Staff, Resource Recycling_
Last Friday, a U.S. Bankruptcy court judge approved the auction of SP Newsprint's assets, including deinked newsprint mills in Georgia and Oregon.
The move to approve the sale of the company's assets came because the firm's secured debtors refused to provide more operating cash. The auction and sale will occur quickly, with bids due by August 13 and the sale taking place on August 21. [_Pulp & Paper Week_][1] predicts that the major debtors -- Avenue Capital, Fairfax Financial Holdings and GE Capital -- will be the eventual owners, although more than 20 potential parties have pored over SP's financial documents. SP Newsprint filed for bankruptcy court protection last November.
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[1]: http://www.risiinfo.com/risi-store/do/product/detail/ppi_pulp_&_paper_week.html
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[3]: http://www.serdc.org/events
[4]: http://www.resource-recycling.com/images/e-newsletterimages/RRe-news080112.html
URL: http://resource-recycling.com/node/2973
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