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.
For further insights into TSE:GFP stock, check out TipRanks’ Stock Analysis page.
