Shareholders would receive one Bergslagets Skogar share for each Stora Enso share they hold, with the separation planned to take effect on March 31, 2027, and the five largest holders, with 69.9% of the votes, already committed to back it.
Share Capital
Peace River grants of $13.0 million helped narrow the loss, and the company expects softwood pulp prices to rise modestly in the fourth quarter.
Adjusted EBITDA fell to $985 million from $1,013 million, while total assets rose, largely from the Sucuriú project in Brazil.
The timberland owner expects fourth-quarter lumber realizations to ease from the highest level since 2022 and will buy back up to $300 million more of its shares.
Holders of more than 87% of the senior notes and a majority of shareholders back the plan, which cuts about $96 million of annual interest and brings in $400 million of new money. Existing shareholders will keep about 8.5% of the new common stock.
Plywood average net selling prices rose 31% from a year earlier.
UPM shareholders will receive one WISA Group share for each UPM share they own.
Most products affected by the 50% tariff are sold in Canada, limiting exposure to about 1% of total sales, analysts estimate.
The Finnish Financial Supervisory Authority has approved WISA Group Plc’s demerger and listing prospectus.