SCA acquires 10,000 hectares of forest land in Estonia
SCA acquired 93% of the shares in Forestum Group AB, a Swedish company which owns forest and land assets in Estonia, totalling approximately 10,000 hectares. The purchase price is SEK 420 million (Euro 39 million) on a debt-free basis. “We have the intention to grow as a forest owner in the Baltics”, says Jonas Mårtensson, President Forest. “The Baltic states are a natural part of our raw material supply base and we have been present in the market for a long time as a buyer of timber. Having our own forest resource strengthens ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
Thousands of quality articles
In-depth analyses of market trends
Exclusive market price insights
And much more!
