Syktyvkar Plywood Mill has a new owner

As a result of the closed deal whose value was not disclosed, 83.3% of the company’s shares were transferred to Balchug Capital (registered in Armenia). The transaction was approved by the Government Commission for Control of Foreign Investment in the Russian Federation.

Balchug Capital is an investment fund that manages assets worth around $2 billion.

It is reported that Syktyvkar Plywood Mill will continue its operations according to the previously adopted strategic plans.