UPDATE 2-Paper group NewPage files for Chapter 11

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* Lists estimated assets and liabilities of more than $1 bln

* Has up to $600 mln DIP financing commitment led by JP Morgan

* Says looking for potential buyers for Canadian subsidiary

Sept 7 (Reuters) - Specialty paper producer NewPage Corp filed for Chapter 11 bankruptcy protection and listed estimated assets and liabilities of more than $1 billion.

The company, which owns paper mills in U.S. and Canada, said it has obtained a commitment led by JP Morgan for up to $600 million in debtor-in-possession (DIP) financing.

The DIP financing includes a term loan facility of $250 million and a revolving credit facility of up to $350 million.

The Miamisburg, Ohio-based company said it was talking to potential buyers for its Canadian subsidiary NewPage Port Hawkesbury Corp, which has brought proceedings before the Supreme Court of Nova Scotia.

It had announced on Aug. 22 that it would take "downtime" at its Canadian subsidiary as market and economic conditions turned the mill non-profitable for more than a year.

NewPage said it expects to continue operating its U.S. businesses as usual and was working closely with creditors and other stakeholders to formulate a Chapter 11 plan.

"We are confident that the DIP financing we have secured will allow us to maintain continuity in our U.S. businesses as we complete this process," chief financial officer Jay Epstein said.

Companies usually seek to slash debt levels and reorganize their operations through Chapter 11 filings.

The case is Newpage Corp, Case No. 11-12804, U.S. Bankruptcy Court, District of Delaware. (Reporting by Tanya Agrawal and Sakthi Prasad in Bangalore; Editing by Jon Loades-Carter and Joyjeet Das)

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UPDATE 1-CD&R-led group to buy France's Spie for 2.1 bln euros

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* Buyers also include Axa Private Equity

* Spie says CD&R group was one of several interested buyers

* Deal latest in series of PAI sale deals

(Adds sale confirmation)

PARIS, May 31 (Reuters) - A consortium including private equity firm Clayton Dubilier & Rice and a unit of French insurer AXA (AXAF.PA) has agreed to acquire French engineering group Spie in a deal valuing it at 2.1 billion euros ($3 billion).

French private equity group PAI Partners, which said in March it was considering a possible sale of the electrical and mechanical engineering firm, confirmed a deal to sell it to a group including CD&R, Axa Private Equity (AXAF.PA) and Canada's Caisse des Depots du Quebec.

Spie said in a statement that the CD&R deal was one of several indications of interest it received and would be positive for the company's prospects because of an employee share ownership scheme that would link pay to performance.

Spie's chief executive, Gauthier Louette, had told reporters in March that in the long run he favoured an initial public share offer for the company.

PAI Partners has sold various portfolio companies in recent months, including a 50 percent stake in yoghurt maker Yoplait (GIS.N) and Italian clothing retailer Gruppo Coin (GCN.MI).

The deal was first reported by French daily Le Figaro. ($1=.7000 euros) (Reporting by Christian Plumb; Editing by Greg Mahlich)

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* Buyers also include Axa Private Equity

* Spie says CD&R group was one of several interested buyers

* Deal latest in series of PAI sale deals

(Adds sale confirmation)

PARIS, May 31 (Reuters) - A consortium including private equity firm Clayton Dubilier & Rice and a unit of French insurer AXA (AXAF.PA) has agreed to acquire French engineering group Spie in a deal valuing it at 2.1 billion euros ($3 billion).

French private equity group PAI Partners, which said in March it was considering a possible sale of the electrical and mechanical engineering firm, confirmed a deal to sell it to a group including CD&R, Axa Private Equity (AXAF.PA) and Canada's Caisse des Depots du Quebec.

Spie said in a statement that the CD&R deal was one of several indications of interest it received and would be positive for the company's prospects because of an employee share ownership scheme that would link pay to performance.

Spie's chief executive, Gauthier Louette, had told reporters in March that in the long run he favoured an initial public share offer for the company.

PAI Partners has sold various portfolio companies in recent months, including a 50 percent stake in yoghurt maker Yoplait (GIS.N) and Italian clothing retailer Gruppo Coin (GCN.MI).

The deal was first reported by French daily Le Figaro. ($1=.7000 euros) (Reporting by Christian Plumb; Editing by Greg Mahlich)

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* Buyers also include Axa Private Equity

* Spie says CD&R group was one of several interested buyers

* Deal latest in series of PAI sale deals

(Adds sale confirmation)

PARIS, May 31 (Reuters) - A consortium including private equity firm Clayton Dubilier & Rice and a unit of French insurer AXA (AXAF.PA) has agreed to acquire French engineering group Spie in a deal valuing it at 2.1 billion euros ($3 billion).

French private equity group PAI Partners, which said in March it was considering a possible sale of the electrical and mechanical engineering firm, confirmed a deal to sell it to a group including CD&R, Axa Private Equity (AXAF.PA) and Canada's Caisse des Depots du Quebec.

Spie said in a statement that the CD&R deal was one of several indications of interest it received and would be positive for the company's prospects because of an employee share ownership scheme that would link pay to performance.

Spie's chief executive, Gauthier Louette, had told reporters in March that in the long run he favoured an initial public share offer for the company.

PAI Partners has sold various portfolio companies in recent months, including a 50 percent stake in yoghurt maker Yoplait (GIS.N) and Italian clothing retailer Gruppo Coin (GCN.MI).

The deal was first reported by French daily Le Figaro. ($1=.7000 euros) (Reporting by Christian Plumb; Editing by Greg Mahlich)

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UPDATE 1-CD&R-led group to buy France's Spie for 2.1 bln euros

birou notarial

* Buyers also include Axa Private Equity

* Spie says CD&R group was one of several interested buyers

* Deal latest in series of PAI sale deals

(Adds sale confirmation)

PARIS, May 31 (Reuters) - A consortium including private equity firm Clayton Dubilier & Rice and a unit of French insurer AXA (AXAF.PA) has agreed to acquire French engineering group Spie in a deal valuing it at 2.1 billion euros ($3 billion).

French private equity group PAI Partners, which said in March it was considering a possible sale of the electrical and mechanical engineering firm, confirmed a deal to sell it to a group including CD&R, Axa Private Equity (AXAF.PA) and Canada's Caisse des Depots du Quebec.

Spie said in a statement that the CD&R deal was one of several indications of interest it received and would be positive for the company's prospects because of an employee share ownership scheme that would link pay to performance.

Spie's chief executive, Gauthier Louette, had told reporters in March that in the long run he favoured an initial public share offer for the company.

PAI Partners has sold various portfolio companies in recent months, including a 50 percent stake in yoghurt maker Yoplait (GIS.N) and Italian clothing retailer Gruppo Coin (GCN.MI).

The deal was first reported by French daily Le Figaro. ($1=.7000 euros) (Reporting by Christian Plumb; Editing by Greg Mahlich)

Birou Notarial Bucuresti

Baloane

* Buyers also include Axa Private Equity

* Spie says CD&R group was one of several interested buyers

* Deal latest in series of PAI sale deals

(Adds sale confirmation)

PARIS, May 31 (Reuters) - A consortium including private equity firm Clayton Dubilier & Rice and a unit of French insurer AXA (AXAF.PA) has agreed to acquire French engineering group Spie in a deal valuing it at 2.1 billion euros ($3 billion).

French private equity group PAI Partners, which said in March it was considering a possible sale of the electrical and mechanical engineering firm, confirmed a deal to sell it to a group including CD&R, Axa Private Equity (AXAF.PA) and Canada's Caisse des Depots du Quebec.

Spie said in a statement that the CD&R deal was one of several indications of interest it received and would be positive for the company's prospects because of an employee share ownership scheme that would link pay to performance.

Spie's chief executive, Gauthier Louette, had told reporters in March that in the long run he favoured an initial public share offer for the company.

PAI Partners has sold various portfolio companies in recent months, including a 50 percent stake in yoghurt maker Yoplait (GIS.N) and Italian clothing retailer Gruppo Coin (GCN.MI).

The deal was first reported by French daily Le Figaro. ($1=.7000 euros) (Reporting by Christian Plumb; Editing by Greg Mahlich)

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* Buyers also include Axa Private Equity

* Spie says CD&R group was one of several interested buyers

* Deal latest in series of PAI sale deals

(Adds sale confirmation)

PARIS, May 31 (Reuters) - A consortium including private equity firm Clayton Dubilier & Rice and a unit of French insurer AXA (AXAF.PA) has agreed to acquire French engineering group Spie in a deal valuing it at 2.1 billion euros ($3 billion).

French private equity group PAI Partners, which said in March it was considering a possible sale of the electrical and mechanical engineering firm, confirmed a deal to sell it to a group including CD&R, Axa Private Equity (AXAF.PA) and Canada's Caisse des Depots du Quebec.

Spie said in a statement that the CD&R deal was one of several indications of interest it received and would be positive for the company's prospects because of an employee share ownership scheme that would link pay to performance.

Spie's chief executive, Gauthier Louette, had told reporters in March that in the long run he favoured an initial public share offer for the company.

PAI Partners has sold various portfolio companies in recent months, including a 50 percent stake in yoghurt maker Yoplait (GIS.N) and Italian clothing retailer Gruppo Coin (GCN.MI).

The deal was first reported by French daily Le Figaro. ($1=.7000 euros) (Reporting by Christian Plumb; Editing by Greg Mahlich)

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