Local management signed an agreement to acquire sawmills and forest operations in Russia of Stora Enso Oyj from Stora Enso Oyj (HLSE:STERV) on April 25, 2022. The transaction is subject to necessary approvals and is expected to be closed within Q2, 2022.

Local management completed the acquisition of sawmills and forest operations in Russia of Stora Enso Oyj from Stora Enso Oyj (HLSE:STERV) on June 30, 2022.