Södra planning to divest forest holding in the Baltics
Södra’s mission is focused on members’ forests and to process their raw material, thereby creating value for these forest estates. Södra has therefore, as a step in implementing its strategy, decided to initiate a process to divest its forest holding and related activities in the Baltics.
In order to do what’s best for forest estates and Södra’s long-term competitiveness, the holding is routinely evaluated against business needs.
“Our mission is focused on members’ forests, not to actually own forests. We have therefore initiated a divestment of the forest holding in the Baltics and a process is under way to find the right buyer. But we are not in a hurry,” said Peter Karlsson, President of the Södra Skog business area.
The process means that Södra is now looking at potential interested parties with the aim of moving forward with a divestment in 2025.
Facts
Södra owns approximately 153 000 hectares land in Estonia and Latvia, where the majority is in Latvia.
For questions from media
Södra’s Pressroom
press@sodra.com
+46 (0)47 089 090
For questions from stakeholders
Handelsbanken
Björn Drakenward, +46 (0)70-6318384
Tobias Leopoldsson, +46(0)73-0891017
