Metsä Group completes divestment of its wood supply business in Estonia

The divestment of Metsä Group’s parent company Metsäliitto Cooperative’s wood supply business in Estonia to Combiforest OÜ, a subsidiary of the Estonian company Combiwood Grupp OÜ, has been completed. The seller is Metsä Forest Eesti AS, a subsidiary fully owned by Metsäliitto Cooperative. On 27 February 2024, Metsä Group announced the divestment of its wood supply business in Estonia, which at the time still required approval by the Estonian Competition Authority. The divestment of the Estonian wood supply operations has no material financial impact on Metsä Group’s wood supply and forest services business. The ...