On May 12, 2022, the Paper Excellence Group, through its subsidiary Domtar Inc., agreed to sell its Kamloops pulp mill to an affiliate of Kruger Specialty Papers Holding L.P. for an undisclosed sum. This sale was a condition set forth by the Commissioner of Competition (Canada) following Paper Excellence Group's acquisition of Domtar on November 30, 2021. The divestiture aimed to alleviate the Commissioner's concerns regarding the merged entity's wood fibre purchasing power in British Columbia's Thompson/Okanagan region. The agreement to sell the pulp mill is pending approval by the Commissioner and is anticipated to meet the stipulations of the Consent Agreement once sanctioned. The completion of the transaction is expected by the end of the second quarter. In the advisory roles, BMO Capital Markets was the exclusive financial advisor to Domtar. McMillan LLP provided legal counsel to the Paper Excellence Group, and KPMG served as tax advisors to Domtar. On the other side, ScotiaBank was the exclusive financial advisor to Kruger, with McCarthy Tétrault LLP as their legal advisors.