The Paper Excellence Group, through its subsidiary Domtar Corporation, has announced its intention to purchase Resolute Forest Products Inc.'s Thunder Bay pulp and paper mill, a move designed to assist the regulatory review process. This decision follows an earlier agreement on July 6, wherein the Paper Excellence Group planned to acquire all outstanding common shares of Resolute stock. Patrick Loulou, Vice Chair of the Paper Excellence Group, emphasized their determination to finalize the Resolute acquisition. Resolute's CEO, Remi G. Lalonde, recognized the difficulty of the decision but deemed it essential for their strategic collaboration with the Paper Excellence Group. The sale of the Thunder Bay mill is dependent on the acquisition of Resolute by Domtar and the necessary regulatory approvals. The expected completion of Resolute's acquisition by Domtar is set for the first half of 2023, pending stockholder and regulatory approvals. However, there's no guarantee that the requisite regulatory endorsements will be secured. Both Resolute and Domtar have chosen not to comment on speculations surrounding the regulatory process or the transaction until definitive resolutions are reached.