Mercer to dissolve Cariboo Pulp JV with West Fraser, expects Q1 impairment

MERCER INTERNATIONAL INC.

Mercer and West Fraser dissolve 50/50 Cariboo Pulp and Paper JV; West Fraser becomes sole owner/operator.
No termination payments; Mercer retains certain finished product inventory.
Mercer expects non-cash impairment in Q1 2024 based on net carrying value of its interest.
Cariboo mill capacity: up to 340,000 tonnes NBSK pulp annually; ~300 employees.
Mercer acquired its interest in 2018 via Peace River mill acquisition; now deemed non-core.

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