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UPM completes exit from Russian market

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Published in issue 15/2023
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UPM has now definitely exited the Russian market and will no longer be present in the country. The company announced it had sold its Russian operations, including the Chudovo plywood mill, to Russian company Gungit Wooden Products Trading. The transaction price was not disclosed.

UPM employed 800 people in Ru...

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Article topics
UPM
Mergers and acquisitions
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Companies
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