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Segezha successfully acquires Inter Forest Rus

 Tuesday, December 28, 2021

Segezha Group, a subsidiary of Sistema PJSFC one of the leading vertically integrated holding companies in the timber industry performing a full cycle of operations from logging to advanced wood processing, announces that it has completed the acquisition of LLC Inter Forest Rus from Bonum Capital Ltd.

Inter Forest Rus, which comprises 24 forest industry assets and a substantial forest resource base in the Krasnoyarsk and Irkutsk regions, is expected to be consolidated into Segezha Group’s financial reporting by the end of December 2021.

As a result of the transaction Segezha Group will strengthen its position as a leading producer of sawn timber in Russia and Europe, and will become a global top-10 producer in the segment. At the same time, Segezha Group will almost double its annual allowable cut (AAC) to 23.6 mln cu m and become one of the world’s largest lease-holders of forest land with 16 mln ha of forests under management.

Segezha Group a Russian vertically integrated holding company in the forest industry performing a full cycle of operations from logging to advanced wood processing. The Group is among the largest forest users in Russia. It holds 10.4 million hectares of leased forest resources and 12.7 million cubic meters/year of annual allowable cut. 82% of the Group’s requirement for wood is met by its own harvesting operations. Segezha Group manages its forests in a sustainable way and introduces intensive forestry models.

Inter Forest Rus was created as a holding company to consolidate quality assets in the forest industry. Inter Forest Rus has one of the largest annual allowable cuts in Russia (88% softwood) at approximately 10.9 million cubic meters on a consolidated basis. Its production capacity is 1.5 million cubic meters of sawn timber at four sawmills, 35,000 cubic meters of plywood and 170,000 tons of pellets.

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