Metsä Fibre Oy, part of Metsä Group, Finland, has sold the entire share capital of Metsä-Botnia Metsät Oy to a fund managed by Dasos Capital Oy, Finland. Metsä-Botnia Metsät owns land and water areas of about 34,000 hectares. 

The transaction has no personnel impact. The long-term contracts between Metsä Group and Metsä-Botnia Metsät on wood sales and forest management services will remain in effect.

Metsä Fibre is a producer of bioproducts and bioenergy. The company’s Botnia brand softwood and birch pulp grades have been developed for the production of high-quality board, tissue, and printing paper and specialty products. Currently employing approximately 850 people, the company’s sales totaled EUR 1.4 billion in 2015.