The Finnish forestry company Metsä Group has announced the sale of all its subsidiaries in Russia, according to the company’s press service. As stated by the company, on May 13, Metsä Group completed a transaction in which VLP Group acquired ownership of the group’s subsidiaries: Metsä Svir LLC;Metsä Forest St. Petersburg LLC;Metsä Forest Podporozhye LLC;Metsä Board Rus LLC.The parties agreed not to disclose the transaction price. The Finnish company Metsä Group owned a minority stake in VLP Group from 2003 to 2017. However, in 2022, Metsä Group ceased its operations in Russia, including the o…