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Verso announces buyer for closed Sartell paper mill

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SARTELL (AP) — Verso Paper Corp. has announced plans to sell its fire-damaged paper mill in Sartell.

Verso said Tuesday it is selling the mill to AIM Development (USA) LLC. Terms were not disclosed.

The St. Cloud Times (http://on.sctimes.com/127vbfw) reports the deal was announced in a two-paragraph email. According to the email, the transaction is expected to close in the first quarter.

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