UPM-Kymmene Completes Plywood Business Demerger

08:11 AM EDT, 10/28/2026 (MT Newswires) -- UPM-Kymmene (UPM.HE) completed the demerger and transfer of its plywood business to Wisa Group and expects the transaction to be registered at the Finnish Trade Register on Saturday. The Finnish forest products manufacturer said Wednesday that shareholders of UPM-Kymmene Corp., which divested the plywood business, will receive one new Wisa share for each share held as consideration for the demerger. A total of 527,324,046 Wisa shares will be issued under the transaction. Additionally, the Finnish Financial Supervisory Authority approved a supplement relating to the demerger and the application to list Wisa's shares on Nasdaq Helsinki. Trading of Wisa's shares on the Helsinki bourse is expected to start on Nov. 2.