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Verso announces buyer for closed Minn. paper mill

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SARTELL, Minn. (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 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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