UPM-Kymmene Corporation Files for WISA Group's Share Listing on Nasdaq Helsinki
UPM-Kymmene Corporation Pursues WISA Group Listing on Nasdaq Helsinki
In a significant development for the Finnish forestry industry, UPM-Kymmene Corporation has initiated the process to list shares of the newly formed WISA Group Plc on Nasdaq Helsinki. This move is part of a broader strategic initiative following UPM’s recent demerger, which was officially approved on August 31, 2026. The demerger plan aims to transfer all assets and liabilities associated with its plywood business to WISA Group, creating a focused entity primarily operating in this sector.
The Board of Directors at UPM approved the demerger plan on April 29, 2026. The extraordinary general meeting backed this decision, paving the way for UPM shareholders to receive one share of WISA Group for each share they hold in UPM, thereby ensuring that the interests of existing shareholders are aligned with the new company’s performance.
UPM’s management has filed the listing application with Nasdaq Helsinki, and WISA Group's shares are expected to commence trading under the ticker symbol
Topics Financial Services & Investing）
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