Södra planning to divest forest holding in the Baltics
10 January 2025
Södra aims to create value for members’ forests by processing raw materials. Aligning with its strategy, Södra is divesting its 153,000 hectares of Baltic forest holdings, primarily in Latvia. This move ensures long-term competitiveness. A buyer search is underway, with plans to finalise the process by 2025, emphasising sustainable management for members' forest estates.
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
[email protected]
+46 (0)47 089 090
For questions from stakeholders
Handelsbanken
Björn Drakenward, +46 (0)70-6318384
Tobias Leopoldsson, +46(0)73-0891017
Source: sodra.com
