Fund Management

German wealth management giant acquires Finnish forest portfolio

The German wealth manager with an AUM of EUR 340bn describes the total forest area it is buying from United Bankers as larger than the city of Munich.
After the transaction, United Bankers remains the fourth largest private forest owner in Finland through its three forest funds which own approximately 133,000 hectares of forest properties. | Photo: Pexels: Fanny Hagan.
After the transaction, United Bankers remains the fourth largest private forest owner in Finland through its three forest funds which own approximately 133,000 hectares of forest properties. | Photo: Pexels: Fanny Hagan.
by REETA ILONA PAAKKINEN

Finnish wealth manager United Bankers Plc has sold the forest properties of one of its forest funds to MEAG, the asset manager of Munich Re Group. 

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