Business
Canfor Acquires Additional Shares in Vida AB of Sweden
Canfor Acquires Additional Shares in Vida AB of Sweden Canada NewsWire VANC...
About this update from Canfor Corporation
[{"type":"text","content":"\n\n\n\n Canfor Acquires Additional Shares in Vida AB of Sweden\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Dec. 10, 2024\n \n\n /CNW/ - Canfor Corporation (TSX: CFP) announced that it has acquired 7% of outstanding shares of VIDA AB effective today.\n \n\n\n\n\n\n\n\n\n The shares were acquired from certain minority shareholders utilizing their option privileges under the\n \n February 2019\n \n agreement in which Canfor purchased 70% of VIDA AB,\n \n Sweden's\n \n largest privately owned sawmill company. After concluding this transaction, Canfor owns 77% of VIDA AB.\n \n\n\n Forward-looking statements.\n \n\n\n Certain statements in this press release constitute \"forward-looking statements\" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as \"expects\", \"anticipates\", \"projects\", \"intends\", \"plans\", \"will\", \"believes\", \"seeks\", \"estimates\", \"should\", \"may\", \"could\", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law.\n \n\n\n About Canfor Corporation.\n \n\n\n Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in\n \n Vancouver, British Columbia\n...