OREANDA-NEWS. September 24, 2012. RusForest AB appoints Pareto Ohman AB as financial advisor to explore potential strategic and financial alternatives, as the company said in the press release received by Lesprom Network.

As previously disclosed, the Company is taking steps to address operational and financing challenges. As part of this process, the Board of Directors has appointed Pareto Ohman AB as financial advisor to explore potential alternatives that create value for the Company’s stakeholders.

RusForest is a publicly-traded Swedish forestry company operating in eastern Siberia and the Arkhangelsk region of Russia. The Company controls approximately 3 million hectares of timber through long-term leases with an annual allowable cut (“AAC”) of approximately 3.6 million cubic meters. RusForest owns five sawmills in close proximity to its forest leases and is self-sufficient in raw material to produce more than 400,000 cubic meters per year of sawnwood products.