Metsä Group has completed the sale of its Russian subsidiaries Metsä Svir, Metsä Forest St. Petersburg, Metsä Forest Podporozhye and Metsä Board Rus to VLP Group.

In 2022, Metsä Group stopped its business operations in Russia, including the operations of the Svir sawmill, wood procurement and paperboard sales.

As result of the completed transaction Metsä Group no longer holds any assets in Russia.

VLP Group operates in forestry and forest industry mainly in Vologda region, Russia.

Metsä Group held a minority ownership in VLP Group during 2003–2017.

The parties have agreed not to disclose the purchase price of the transaction.