UPM has signed a contract with funds advised by Latifundium to sell them about 7,200 hectares of forest land in Finland. The estates are located in Ilomantsi, Pihtipudas and Tervo. The contract covers a long term wood purchase and forest management agreement.
Latifundium is a German based investment fund specialized in investments in forest properties with a global reach and a strong foothold in Europe. The purchase of the forest land from UPM is the fund’s first investment in Finland.
UPM sells about 7,200 hectare of forest land to Latifundium
Date Time:2012-7-16Go Back