Södra Completes Sale of Baltic Forest Holdings to Ingka Investments

On Friday, Södra announced that the sale of its forest holdings in the Baltics to Ingka Investments, the investment arm of the Ingka Group, has been approved by authorities and completed.

The transaction covers Södra’s entire forest estates in Latvia and Estonia. Following the sale, Södra’s Baltic operations will now consist of two timber import companies, one in Latvia and one in Estonia. The financial impact of the deal will be reported in Q1.

Södra decided in early 2025 to divest its Baltic forest holdings to strengthen long-term competitiveness. After the agreement was signed in October, the deal underwent competition review and approval by local authorities, a process that has now concluded.

The purchase price totaled EUR 720 million (US$851 million).

In a statement, Södra President and CEO Lotta Lyrå said:

“The decision to divest the forest holdings in the Baltics delivers on our mission to focus on our members’ forests and strengthens both our long-term competitiveness and balance sheet. The fact that the deal has now been completed is good for both today’s and tomorrow’s members. The forest in the Baltic countries has been a good financial investment, but our mission is in southern Sweden, in developing the value of each tree from our members’ forests.”