Highlight 8 March 2024

Krogerus advises MEAG on one of the largest Finnish forestry transactions

Krogerus advised MEAG, on behalf of one of its clients, on its acquisition of approximately 33,000 hectares of sustainably managed forests. The transaction is carried out by acquiring all partnership interests in UB Nordic Forest Fund II which is managed by United Bankers.

The investment is part of MEAG’s investment strategy to develop well diversified forestry portfolios for its clients in most established forest markets and represents MEAG's first forestry transaction in the Nordics. MEAG is the asset manager of Munich Re Group with assets under management of around EUR 340bn.

The Krogerus team was led by Partner Joakim Jansson together with Counsel Kalle Hakkarainen and they were primarily assisted by Counsel Piia Sinisalo and Associates Eveliina Lassila and Kaius Niskakangas. Partner Samu Lassila advised on tax and structuring matters and he was assisted by Senior Associate Anna Jokela and Associate Lauri Parvela.

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