Karl Hedin AB has announced the sale of its Estonian subsidiary, Toftani Metsandus, which manages approximately 10,800 hectares of forest and land. The buyer is Metsavennaskond, a Tallinn-based company. The forests, located primarily in southern Estonia, contain around 1.1 million cubic meters of standing timber. The purchase price has not been disclosed. “I feel secure in transferring a well-managed forest property in Estonia to a new owner. The forest has been managed with a long-term perspective, which has been possible thanks to our Estonian organization,” said Karl Hedin in a statement. This transaction ...