Companies in the timber industry / Daily News / Sawmilling / Europe / Global
June 10, 2014

Metsä Group sells subsidiary in Estonia

Metsä Group agreed on the divestiture of the entire share capital of its subsidiary Metsä Wood Eesti AS to the Estonian Combimill OÜ. Simultaneously with the transaction, the parties have agreed on commercial cooperation in raw material procurement as well as by-product and sawn timber sales. The transaction will not have a significant impact on Metsä Wood’s financial results, as the company said in a press release.    "This arrangement is in line with Metsä Wood’s strategy of industrial efficiency and investment in resources in the continuous development of the competitiveness and productivity of ...

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