Companies in the timber industry / Daily News / Global Trends / Forestry / Sawmilling / Wood Products / Europe / Global
June 4, 2019
SCA buys 10,000 hectares of forest land in Estonia for EUR 39 million
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 ...
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