CapMan Natural Capital has agreed to sell approximately 24,000 hectares of forest assets in Latvia and Lithuania to Inter IKEA Group, reflecting a commitment to sustainable forest management and enhancing local economies.

Information on the Target

Dasos Timberland Fund II, managed by CapMan Natural Capital, has entered into an agreement to sell a portfolio encompassing approximately 24,000 hectares of forest assets situated in Latvia and Lithuania to Inter IKEA Group. This transaction marks a significant milestone following over a decade of dedicated forest management, which has seen the portfolio mature effectively within its value creation lifecycle.

During its ownership, CapMan Natural Capital implemented a rigorous program of sustainable forest management and operational enhancements. This initiative not only improved the condition and productivity of the forest assets but also ensured their long-term resilience. The forests in both Latvia and Lithuania have achieved certification under an internationally recognized framework, the Forest Stewardship Council (FSC®), further underscoring the commitment to sustainable practices.

Industry Overview in Latvia and Lithuania

The forestry sector holds a critical position within the economies of Latvia and Lithuania. Both countries possess vast forest resources, with forests covering approximately 50% of Latvia and 33% of Lithuania's land ar