The agreement between Södra and the Ingka Group’s investment company, Ingka Investments, regarding Södra’s forest holdings in the Baltics has now been approved and finalised.
With the aim of doing what is best for the forest estate and for Södra’s long-term competitiveness, Södra decided in early 2025 to divest all its forest holdings in Latvia and Estonia. Since the agreement with the buyer in October 2025, a competition review and approvals from local authorities have been underway – a process that has now been concluded. The transaction, with a purchase price of 720 million euros, is therefore complete.
“The decision to sell our forest holdings in the Baltics delivers on our mission to focus on our members’ forests and strengthens both our long-term competitiveness and our balance sheet. The completion of this transaction is positive for both today’s and tomorrow’s members. The Baltic forests have been a solid financial investment, but our mission lies in southern Sweden – in developing the value of every tree from our members’ forests,” says Lotta Lyrå, President and CEO of Södra.
The impact on Södra’s results will be reported in the first quarter of 2026. Södra’s operations in the Baltics now consist of two companies for timber imports – one in Latvia and one in Estonia.
Södra believes in collaboration and long-term partnerships to meet the challenges of the future. By working with a broad range of stakeholders across society, they pursue shared goals and create value for everyone involved. The company works closely with their customers on sustainability matters, take part in forums with public authorities and industry organisations on policy issues, and collaborate with researchers to drive innovation.
Nära by Södra
Nära means being close in every sense. In the family forest owner caring for their trees, in the dedication that shapes their products, the close relationships they build with their customers, and ultimately as a natural part of the products that enrich everyday life. Nära is there throughout the entire chain – from one family to another, where everyone benefits from what the forest provides – from generation to generation.
About Ingka Group
Ingka is a part of IKEA brand. Ingka Group consists of three business areas. Their core business is IKEA Retail, which consists of 411 IKEA stores including city stores across 32 markets, and counting.
At Ingka Group, they’re driven to create a better everyday life for the many people. They do this by living our values of togetherness, simplicity and responsibility – and by creating good and affordable home furnishing solutions. As they do this, INGKA strives to make a positive impact on the planet by acting consciously and sustainably.
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