Metsä Group divests Metsä Wood Eesti AS business to Combimill OÜ
Metsä Group Press Release 10 June 2014On 10 June 2014, Metsäliitto Cooperative, the parent company of Metsä Group, agreed on the divestiture of the entire share capital of its subsidiary Metsä Wood Eesti AS to the Estonian Combimill OÜ. Simultaneously with the transaction, the parties have agreed on commercial cooperation in raw material procurement as well as by-product and sawn timber sales. The transaction will not have a significant impact on Metsä Wood’s financial results."This arrangement is in line with Metsä Wood’s strategy of industrial efficiency and investment in resources in