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UPM acquires remaining stake in Chudovo

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Published in issue 24/2005
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Finnish timber and paper company UPM is to acquire the remaining 40% stake in Russian plywood and veneer manufacturer ZAO Chudovo-RWS and its subsidiary ZAO Pestovo Novo from ZAO Novgorodlesprom. After the transaction, UPM-Kymmene will own 100% of Chudovo. In return, Novgorodlesprom will receive a total of 738,000 UPM ...

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