Södra to acquire Bergvik Skog’s forest holding in Latvia

Posted November 13, 2018

Södra is acquiring Bergvik Skog AB’s forest holding in Latvia. The total area is 111,100 hectares, of which 80,300 comprise forest land, as the company says in the press release received by Lesprom Network.

“This investment will secure some of our need for forest raw material. It will improve the structure of our wood imports by complementing our members’ wood deliveries and strengthening Södra’s competitiveness,” said Lars Idermark, President and CEO of Södra.

Södra already owns 15,000 hectares of forest land in Latvia, and this acquisition will substantially strengthen the company’s position.
The acquisition comprises all shares in two companies, SIA Bergvik Skog and SIA Ruda, and includes the forestry organisation with 24 employees.

The forest soil is highly fertile and growth will increase over the coming decades. The growing stock volume is currently 10.6 million cubic metres. The purchase consideration is Euro 324 million.



Comments

To like this you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
To leave comments you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
We welcome comments that advance the story through relevant opinion and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Lesprom Network. For more information on our comment policy, see: http://www.lesprom.com/legal/comment_policy/
Back to top