SCA has signed an agreement to acquire Sundin Mezs SIA from the unlisted Swedish company Livland Skog AB. Sundin Mezs SIA owns forest and land assets in Latvia. The purchase price is approximately SEK 260 million (Euro 24.2 million) on a debt-free basis, as the company says in the press release received by Lesprom Network.
The acquisition comprises 9,600 hectares, of which 8,500 are forest land. The standing timber volume amounts to 900,000 cubic metres. The acquisition is expected to be closed in the 3Q 2019.
Earlier this year SCA acquired 10,000 hectares of forest land in Latvia and 10,000 hectares of forest land in Estonia.
The core of SCA’s business is the forest, Europe’s largest private forest holding.
