UPM-Kymmene Corporation Approves Demerger Plan for Plywood Business into New Listed Company WISA Group
UPM-Kymmene Corporation has approved a demerger plan to spin off its Plywood business into a new listed company named WISA Group Plc. The demerger is expected to be completed by October 31, 2026, and requires approval from UPM's Extraordinary General Meeting in early September 2026. The move aims to enhance shareholder value by creating a focused platform for the Plywood business.
Topics: corporate restructuring demerger new company formation shareholder value strategic review