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PORT ALBERNI, BC, May 3, 2021 /PRNewswire/ -
Huumiis Ventures Limited Partnership ( Huumiis ), a limited partnership beneficially owned by the Huu-ay-aht First Nations ( Huu-ay-aht ), and Western Forest Products Inc. (TSX: WEF) ( Western ) announced today the completion of Huumiis acquisition of an incremental 28 per cent ownership interest in TFL 44 Limited Partnership ( TFL 44 LP ) and TFL 44 LP s general partner, TFL 44 General Partner Inc. ( TFL 44 GP ) from Western, for $22.4 million. With the completion of this transaction, Huumiis now owns a 35 per cent ownership interest in TFL 44 LP and TFL 44 GP, with Western owning the remaining respective 65 per cent.
TFL 44 Logo (CNW Group/Western Forest Products Inc.)
Western Forest Products Inc Completes Sale of an Incremental Ownership Interest in TFL 44 LP to Huumiis Ventures LP prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.