HLSE:UPMForestry
UPM Kymmene Demerger Of WISA Group Reshapes Valuation And Risk Profile
UPM Kymmene Oyj's board has approved the demerger of its Plywood business into a new company, WISA Group Plc.
The new entity is intended to become independently listed, subject to shareholder approval.
The demerger is expected to be completed by 31 October 2026.
For investors following HLSE:UPM, the approved demerger comes at a time when the stock is trading at €25.73 and has returned 17.8% over the past year. The move separates the Plywood unit from UPM Kymmene's broader operations. This...