STOCKHOLM, Sept. 15, 2020 /PRNewswire/ -- SCA has signed
an agreement to acquire forest land in Latvia. The acquisition comprises an area of
19,150 hectares, of which 13,100 is forest land. The purchase price
is EUR 44.5m, approximately
SEK 450m.
The standing timber volume amounts to 1.8 million
m3fo. Some areas of the acquired land that are not
forest land, will be divested.
SCA has so far acquired 30,000 hectares of forest land in
Estonia and Latvia.
"We have the ambition to grow as forest owner in the Baltic
states", says Jonas Mårtensson, President Forest. "The Baltics is a
natural part of our raw material base and our operations there are
strengthened by our own forest holding in the region."
The seller is Isnaudas Forest Holding AB. The acquisition is
expected to be closed in the fourth quarter of 2020.
For further information, please contact:
Björn Lyngfelt, SVP Communications, +46-60-19-34-98
Jonas Mårtensson, President Forest, +46-60-19-32-58
The core of SCA's business is the forest, Europe's largest private forest holding.
Around this unique resource, we have built a well-developed value
chain based on renewable raw material from our own and others'
forests. We offer paper for packaging and print, pulp, wood
products, renewable energy, services for forest owners and
efficient transport solutions.
2019 the forest products company SCA had approximately 4,000
employees and sales amounted to approximately SEK 19.6 bn. SCA was founded in 1929 and has its
headquarters in Sundsvall, Sweden.
More information at www.sca.com.
Svenska Cellulosa Aktiebolaget SCA
Skepparplatsen
1
851 88 Sundsvall
Sweden
Tel: +46-60-19-30-00
www.sca.com
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SOURCE SCA
