Tag: Nova Capital

RusForest sold Arkhangelsk assets and may consolidate with Lesresurs

Swedish company RusForest announced sale of Arkhangelsk assets in Northwest Russia for approximately $31 million, including the related debt. The company executed a definitive sale and purchase agreement with several buyers, including Lesozavod 25 (Arkhangelsk, belongs to Titan...

RusForest to shift sales from Middle East to Japan and China

Rusforest Group issued annual report for 2012. Company’s total turnover for 2012 amounted to SEK 564.3 million ($85.5 million) compared to SEK 409.4 million ($62 million) in 2011. These results were affected by the inclusion of income and...