Soya Group and MEAG to acquire a portfolio of forestry assets from Stora Enso for SEK9.8bn.

Soya Group and MEAG agreed to acquire a portfolio of forestry assets from Stora Enso, a Finnish and Swedish forest industry company, for SEK9.8bn. "We are now taking an important step in the history of the Soya Group by broadening our forest investment activities. For a long time, we have been evaluating sustainable asset classes that can complement our existing investments. Sustainable and long-term forestry creates both stable value and a reasonable direct return. The new partnership with MEAG and Stora Enso creates great opportunities to develop sustainable solutions of the future in biofuels, carbon storage, wind power and biodiversity. It is fully in line with our long-term strategy for responsible investment," Jonas Kleberg, Soya Group CEO and Chairman.