Segezha Group completes acquisition of Inter Forest Rus

Segezha Group announces that it has completed the acquisition of LLC Inter Forest Rus from Bonum Capital Ltd. Inter Forest Rus, which comprises 24 forest industry assets and a substantial forest resource base in the Krasnoyarsk and Irkutsk regions, is expected to be consolidated into Segezha Group’s financial reporting by the end of December 2021.

As a result of the transaction Segezha Group will strengthen its position as a leading producer of sawn timber in Russia and Europe, and will become a global top-10 producer in the segment. At the same time, Segezha Group will almost double its annual allowable cut (AAC) to 23.6 million m³ and become one of the world’s largest lease-holders of forest land with 16 mln ha of forests under management.