Several potential buyers are currently in negotiations to acquire businesses that were previously part of the Finnish company Metsä Group, according to reports from Russian media. The Committee on Natural Resources of the Leningrad Region has confirmed this information, with Deputy Chairman of the Government of the Leningrad Region, Oleg Malashchenko, stating that VLP is one of the contenders for Metsä’s assets in Russia. It has been reported that the VLP Group of Companies is interested in purchasing all of Metsä’s legal entities in Russia, including Metsya Forest St. Petersburg LLC and Metsya Board Rus LLC.
This news comes as a significant development in the Russian business landscape, as the acquisition of Metsä’s assets could have a major impact on the forestry industry in the Leningrad Region. Metsä Group, a leading Finnish forest industry company, has been operating in Russia for several years, and its presence has played a crucial role in the local economy.
The potential buyers, including VLP, are likely attracted to Metsä’s assets due to their strategic location and the potential for growth in the Russian market. Metsya Forest St. Petersburg LLC, for example, owns a large area of forest land in the Leningrad Region, which could provide valuable resources for timber production. Metsya Board Rus LLC, on the other hand, is involved in the manufacturing of high-quality paperboard, catering to both domestic and international markets.
If the acquisition goes through, it is expected that the new owners will continue the operations of the acquired businesses, ensuring continuity and preserving jobs in the region. Moreover, the potential buyers may bring in new investments and technologies, which could further enhance the competitiveness of the acquired businesses and contribute to the development of the local economy.
The negotiations between the potential buyers and Metsä Group are still ongoing, and it remains to be seen which party will ultimately acquire the assets. However, the interest shown by VLP and other companies indicates a positive outlook for the future of Metsä’s businesses in Russia. The acquisition could potentially strengthen the position of the new owners in the Russian market and open up new opportunities for growth and expansion.
Overall, the potential acquisition of Metsä’s assets in Russia by VLP and other buyers is a significant development in the business landscape of the Leningrad Region. It highlights the attractiveness of the region for foreign investors and underscores the potential for growth and development in the forestry industry. As the negotiations progress, it will be interesting to see how the situation unfolds and what impact it will have on the local economy and the future of Metsä’s businesses in Russia.