Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Europe / Global
September 16, 2020
SCA acquires more forest land in the Latvia
SCA has signed an agreement to acquire forest land in Latvia. The acquisition comprises an area of 19,150 hectares, of which 13,100 is forest land. The purchase price is EUR 44.5m, approximately SEK 450m. The standing timber volume amounts to 1.8 million m3fo. Some areas of the acquired land that are not forest land, will be divested. SCA has so far acquired 30,000 hectares of forest land in Estonia and Latvia. “We have the ambition to grow as forest owner in the Baltic states”, says ...
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