AssiDomän signs deal with Vilhelmina övre allmänningsskog

AssiDomän signs deal with Vilhemina övre allmänningsskog Following negotiations that have been carried out for some time, AssiDomän AB has signed an agreement with Vilhemina övre allmänningsskog (a common-land forest) on the sale of 3,675 hectares of productive forest land in Åsele Municipality, Lapland. The purchase price is MSEK 24. "Vilhemina övre allmänningsskog is happy about this opportunity to acquire replacement forest for the forest in the Njakafjäll area which was taken out of production by the decision in 1998 to form a national park," says Olaf Bergman, chairman of Vilhemina övre allmänningsskog. "The acquisition creates better conditions for continued forestry and secure jobs in the region." Jonas Jacobsson, Business Unit Manager of AssiDomän Forestry, comments: "We are pleased to have reached an agreement with Vilhemina övre allmänningsskog. The area is located on the periphery of our major holdings in Norrland, and through the deal AssiDomän releases capital with which it can generate a better return." The sale is in line with AssiDomän´s strategy, with an active forest ownership and land transactions as an integral part of the operations. Following the sale, AssiDomän still owns a total of 2,365,000 hectares of forest land, of which 1,714,000 hectares are in Sweden´s Norrland province and 651,000 in southern Sweden. AssiDomän AB Corporate Communications 2001-10-03 AssiDomän's operations focus on ownership, management and utilization of forest assets, 2.4 million hectares of productive timberland in Sweden. The Group also includes sawmill operations and the Frövi cartonboard mill. The company has some 2,000 employees and annual sales of MSEK 7,200. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/03/20011003BIT00300/bit0001.doc http://www.waymaker.net/bitonline/2001/10/03/20011003BIT00300/bit0001.pdf