UPM-Kymmene Completes Partial Demerger of Plywood Business into WISA Group Plc
UPM-Kymmene Corporation has officially registered the completion of its partial demerger with the Finnish Trade Register. As part of this strategic move, all assets and liabilities related to UPM's plywood business area have been transferred to the newly established WISA Group Plc. WISA Group Plc is set to be listed on the Nasdaq Helsinki regulated market under the trading code 'WISA', with trading expected to commence on November 2, 2026. Existing UPM shareholders will receive one new share in WISA Group for every share of UPM they currently hold. This restructuring does not change the total number of shares outstanding for UPM.
Topics: corporate restructuring demerger listing stock exchange announcement