Timber company Stiga RM plans to buy nearly 2,000 hectares of forest for €8.5 million
Latvian timber industry company Stiga RM has announced plans to purchase a forest property of nearly 2,000 hectares in Latvia, with the deal valued at €8.5 million.
Timber processing company Stiga RM has announced its intention to acquire a forest property in Latvia spanning nearly 2,000 hectares. The planned transaction is valued at €8.5 million, the company reported.
Stiga RM operates in the wood processing sector, and a land purchase of this scale suggests a long-term investment aimed at strengthening the company's raw material base. The announcement did not specify the exact location of the property or the expected timeline for completing the deal.
The information about the planned acquisition became public after the company issued the statement itself.
