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WhatWood Blog Woodworking Segezha Group completes acquisition of Inter Forest Rus

Segezha Group completes acquisition of Inter Forest Rus

24 December 2021 ` 18:42  

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.

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