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AbitibiBowater files for bankruptcy - UK operations continue as normal

UK operations for waste management firm AbitibiBowater Recycling Europe will continue as normal despite its parent firm in Canada and the US filing for creditor protection.AbitiBowater has filed for creditor protection under Chapter 11 of the American bankruptcy code. Trade has taken a hit as demand for paper products around the world has dropped.A statement put out by the firm explained that it plans to use relief under Chapter 11 to deal decisively ...