Sweden’s Sodra May Help Finance Gunns Pulp Mill, Herald Reports

By Ben Sharples

June 30 (Bloomberg) -- Sodra Skogsagarna, a Sweden-based producer of sawn lumber and pulp, is firming as the financier for Gunns Ltd.’s Bell Bay mill in Tasmania state, the Sydney Morning Herald said, without saying where it got the information.

Gunns will proceed with a joint venture partner to develop the A$2 billion ($1.6 billion) pulp mill and remains in talks with banks on finance for the project, the company said yesterday. It didn’t disclose the name of the project partner.

Sodra said earlier this month that it would only become a partner in the mill if environmental conditions were met, the newspaper said.

---Editor: Tim Smith

To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net.