"We have the intention to grow as a forest owner in the Baltics. The Baltic states are a natural part of our raw material supply base and having our own forest resource strengthens our operations in the region," Jonas Martensson, President Forest explains.
On the 3rd of June, the company acquired 93% of the shares of the major owner Forestum; it is now planning to buy up the remaining shares of minority shareholders. The amount of SEK 420 million refers to the purchase price on a debt-free basis for 100% of the shares.
