Saturday , April 17 2021

Swedish company has sold forest properties and businesses in Latvia for 324 million euros / Diena

The sale took place today, November 13, and Bergvik Skog also delivered his company – "Bergvik Skog" and "Ruda" – in Latvia, with all employees of "Södra". Thus, Bergvik Skog has sold 111 100 hectares of land, of which 80,300 hectares are productive forest land. The transaction was 324 million euros.

"I want to thank the staff and staff for the fantastic work they have done at the time when the owner of the Swedish company Bergvik Skog was their owner, his competence and ambition were the key to building these big companies that we now sell to Södra." very pleased that Södra intends to continue the same ambitious forestry direction, "said Elizabeth Salandere Björklund, CEO of Swedish company Bergvik Skog, in a statement.

The company's homepage says Bergvik Skog has established and developed forest properties in Latvia for ten years. Interest in buying the Bergvik Skog property has been substantial. The process involved many serious and significant actors.

The Latvijas Avīze newspaper previously reported that the interest in the acquisition of Latvian forests belonging to the Swedish "Bergvik Skog" was verified by 20 companies, including three companies from Latvia. The land was planned to be sold by the end of this year.

Previously, it was mentioned that "Latvian State Forests" were interested in acquiring property.

Information "" shows that in 2017 "Bergvik Skog" turnover was 2,423 million euros, but the company earned 275,931 euros.

The company is registered in 2003 and its share capital is 106,025 million euros. The company is owned by the Swedish company Bergvik Skog.

Swedish "Södra" in Latvia has a subsidiary "Sorda meži". The Sodra website says the company has been investing in forests for a long time in the Baltic States and since 2006 has a forest in Latvia. The properties of Sodra Forest are located mainly in the regions of Vidzeme and Kurzeme, in Latvia.

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