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Saint Petersburg R&D Institute levied 1.3 billion rubles from IKEA after it refused to build the Mega Shopping Mall

February 7, 2024 ` 15:25  
The Commercial Court of Saint Petersburg and the Leningrad Region ruled to award 1.3 billion rubles from Ingka Centers Rus Property E (part of Ingka Holding Europe B.V., the company that used to manage IKEA stores and Mega...

VLP Group may purchase Metsä’s timber assets in Russia

February 7, 2024 ` 15:20  
Novy Prospect reports that negotiations are ongoing with several potential buyers of enterprises that used to be part of Metsä Group (Finland), referencing the Natural Resources Committee of the Leningrad Region. This information was confirmed by Oleg Malashchenko,...

Sale of Ponsse’s subsidiary in Russia completed

September 20, 2023 ` 20:36  
Ponsse Plc completed the sale of all shares in OOO Ponsse, its subsidiary that provided PONSSE services in Russia and Belarus. After the conditions of the transaction were met, Ponsse’s business operations in Russia transferred to OOO Bison,...

Mondi announces agreement to sell Mondi Syktyvkar

September 18, 2023 ` 19:46  
Mondi announces that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar to Sezar Invest LLC for a total cash consideration of RUB 80 billion (approximately €775 million...

Technonicol purchased a timber enterprise in Belarus

August 23, 2023 ` 11:35  
Technonicol closed the deal on purchasing SWOODS Export, a subsidiary of VMG Group (Lithuania) in Borisov (Minsk Region), as reported by the corporation’s press office. The company is considering the possibility of implementing technologies for production of planed...

Essity has exited the Russian market

July 19, 2023 ` 11:24  
The hygiene and health company Essity has completed the divestment of its operations in Russia for a purchase price of approximately SEK 1.2 billion on a cash and debt-free basis. Essity has thus exited Russia. Essity began work...

VLP Group acquired Hasslacherles

May 25, 2023 ` 17:57  
Group Vologodskiye Lesopromyshlenniki has closed the deal to acquire Hasslacherles LLC, as reports the press office of the company located in the town of Vologda. The enterprise is located in the Novgorod region and is engaged in the...