Ilim Timber Industry, a leading Russian producer of sawn timber, has acquired two sawmills from Klausner Group, with total output exceeding two million cubic meters. The transaction value exceeds US$180 million and includes a payment for 100% of debt assignment.
Ilim Timber Industry is one of the top-10 world producers of sawn timber with production assets in Russia, Germany and the USA.
Klausner Group is one of the largest and most highly productive softwood timber manufacturers in Europe.
Oaklins' team in Russia advised the buyer in this transaction.
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