Multi-Million Dollar Sale of Hydro-Electric Dam on Kennebec River

We represented the partnership of Myllykoski North America, a Finnish-owned paper company, and Madison Paper Industries, a domestic general partnership of which Myllykoski is a partner with the New York Times, in the multi-million dollar sale of a 15.4 megawatt hydro-electric dam on the Kennebec River in Maine, which involved real estate interests and flowage rights spanning several cities and towns and two counties. This transaction was complicated by the discovery of significant damage due in part to lack of regular maintenance by a prior operator.