Trading in Wisa shares is expected to begin in early November.
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The extraordinary general meeting of the Finnish forest company UPM has decided to spin off its plywood business into a new listed company. The new independent company will be called Wisa Group. Wisa offers plywood and veneer products for applications such as construction, vehicle flooring, LNG shipbuilding and parquet manufacturing. The establishment of the new company is conditional on the implementation of the demerger, which is planned to ta…