Holmen sells forest properties
Holmen has today signed an agreement to sell forest properties in north-west Jämtland, Sweden, for SEK 100 million. The sale is expected to be completed in January 2018. The Group’s earnings will be positively impacted by just over SEK 70 million in the first quarter of 2018 since the sale price exceeds the carrying amount according to IAS 41. With holdings of over 1 million hectares of productive forest land, Holmen is one of Sweden’s largest forest owners. “This forest land is located far from our production facilities and has significant other values than forestry. We intend to