UPM-Kymmene Corporation and Aranna Oy have today signed an agreement under which UPM will acquire Aranna’s wood procurement operations in Russia. The deal also includes the logistics company ZAO ARS in St. Petersburg. Aranna Oy has long procured wood from Russia to Finland. The deal is subject to official approval in Russia.
For further information, please contact:
Mr. Hannu Vainio, Vice President and Forest Director, UPM Forest, tel. +358 400 231 885
October 25, 2004