Post by UPM

📣 We have news:   Our Board of Directors has approved a demerger plan concerning the separation of the Plywood business into a new listed company called WISA Group.   “We believe that this change in our business portfolio will create long-term value for UPM's shareholders. Separating the plywood business into its own growth path strengthens its future prospects and clarifies UPM's business portfolio," says Massimo Reynaudo, UPM's President and CEO. The demerger is subject to approval by UPM’s Extraordinary General Meeting expected to be held in early September 2026 at the latest. The planned completion date of the demerger is October 31, 2026. A demerger and listing prospectus will be published separately. Read more at: https://go.upm.com/4uiNf5b.