Mar 05, 2015. /Lesprom Network/. DLH has entered into an agreement with the local management about sale of the Russian company. The transaction is expected to take place end of April 2015 and results in a loss of DKK 7 million ($1 million) and will yield proceeds at DKK 4 million ($591,112), as the company said in the press release received by Lesprom Network. 

Furthermore, DLH has entered into an agreement about sale of the Group’s Brazilian company. This company does not include operating activities but holds among others a minor forest and a few outstanding receivables. The transaction is expected to yield approx. DKK 2 million ($295,556).

After these divestments, DLH’s only remaining asset in Brazil will be a 5.6% shareholding in the company Caceres Florestal that operates a teak plantation.

The only operating companies left within the Group are hereafter DLH’s Nordic sheet business in Denmark and Sweden and the French hardwood company, DLH France.

DLH will make use of its option to purchase the former head quarter office building located at Skagensgade in Hoeje Taastrup.

DLH is a Danish owned group and since 1908 trading in timber and timber products all over the world.