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Canfor secures an additional 7% stake in VIDA AB to expand global footprint

Canfor secures an additional 7% stake in VIDA AB to expand global footprint

Posted on December 12, 2024   |  

Canfor has purchased an additional 7% of VIDA AB's shares.

The transaction involved minority shareholders exercising their rights from a 2019 agreement.

In 2019, Canfor acquired a 70% stake in VIDA, Sweden’s largest private sawmill company.

With this purchase, Canfor now owns 77% of VIDA.