Metsä Group completes sale of Russian assets

The Vologda Timber Industry group of companies has confirmed the acquisition of a 100% share of the Russian assets of the Finnish Metsä Group. The government commission and the Federal Antimonopoly Service of Russia approved the deal. The rental base, logging operations and sawmill are located in the Podporozhsky district of the Leningrad region. According to the press service of the VLP Group of Companies, the acquisition will strengthen the company’s position in international markets, increase the production of high-quality dry lumber to 900 thousand m³ per year, and also increase the raw material base by ...