UPM set to sell Finnish forest land if buyer found
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30/12/2000
Finish forestry group UPM Kymmene would be ready to sell its almost 800,000 hectares of Finnish forest land if a suitable buyer could be found, its chief executive said yesterday. CEO Juha Niemela said the firm generally aimed to free up capital from areas with lower-than-average returns, but said UPM had no concrete plans to sell its forests. He said UPM's forest land had a book value of 6-7 billion markka ($917 million-$1.07 billion).