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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 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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