IG Bazalt acquired Sortavala Sawmill and Zapkarelles

Investment Group Bazalt, which owns a pulp mill in the town of Pitkyaranta (RK-Grand LLC), closed a deal to acquire two assets in Karelia – Sortavala Sawmill LLC (a sawn timber enterprise) and Zapkarelles JSC (a timber harvesting enterprise, a leaseholder of about 10% of the total forest fund of Karelia) – on April 12, 2023. That was reported by the official website of the investment group.