22 Dec 2021 09:37

Segezha closes deal to acquire Bonum Capital's Siberian forestry assets

MOSCOW. Dec 22 (Interfax) - Segezha Group , the forestry division of Russian investment group Sistema PJSFC , has completed the acquisition of Inter Forest Rus LLC from Murat Aliyev's Bonum Capital Ltd, Segezha said in a press release.

Inter Forest Rus s expected to be consolidated into Segezha Group's financial reporting by the end of December 2021.

"As a result of the transaction Segezha Group will strengthen its position as a leading producer of sawn timber in Russia and Europe, and will become a global top-10 producer in the segment," the company said.

Segezha announced in October that it was acquiring 100% of Inter Forest Rus from Bonum Capital in a deal worth $515 million.