Latvian Forest Company AB has decided to explore the market regarding a sale of the company's forest assets in Latvia and Lithuania.

The decision has been made considering the successful sale of 665 hectares of land with a growing stock amounting to 93,000 m3 at a purchase price corresponding to Euro 4.1 million at the end of last year. The sale indicated great interest in forest assets in the Baltic countries and has led to the Board deciding to investigate the conditions for selling additional assets and thereby realizing accumulated value in the company.

As of February 28, 2025, the company's holding amounts to 8,014 hectares with a growing stock of approx. 1,092,000 m3 in Latvia and Lithuania. The holding has been structured in six different portfolios. Those portfolios are created assuming that the created portfolios could be managed efficiently thus optimizing the management costs. The aim is to attract a wide range of potential buyers. Interested parties are invited to submit their offers for individual portfolios or for the all the assets.

The six portfolios are divided as follows:

1. Aluksne region with 225 hectares and approx. 17,500 m3 of growing stock.
2. Latgale with 1,010 hectares and approx. 102,000 m3 of growing stock.
3. Courland with 837 hectares and 88,000 m3 of growing stock.
4. Rēzekne with 2,205 hectares and 250,000 m3 of growing stock.
5. Vidzeme (Livonia) with 2,004 hectares and 305,000 m3 of growing stock.
6. Lithuania with 1,732 hectares and 330,000 m3 of growing stock.

Latvian Forest Company AB (publ) is a Swedish-listed company that acquires, sells and conducts forestry on favorably valued forests in Latvia and Lithuania.