UPM acquires Russian operations

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25 October 2004 – Helsinki (FIN): UPM-Kymmene has signed a deal with Aranna Oy under which UPM will acquire Aranna’s wood procurement operations in Russia, which import wood from Finland.

The agreement, which is subject to official approval in Russia, also gives UPM-Kymmene the logistics company ZAO ARS in St Petersburg.