VILNIUS - Sweden's furniture group IKEA, Finland's Dasos Capital as well as Lithuania's Dzukijos Miskas and its shareholders are the major forest owners in Lithuania, the delfi.lt news website reports.
IKEA has increased its forest holdings to 27,000 hectares in Lithuania, via its company IRI Investments Lietuva, according to the news website.
Dasos Capital comes in second after acquiring a 15,000-hectare forest portfolio from Sweden's Euroforest last year.
Among Lithuanians, Dzukijos Miskas' shareholders Romualdas Lavrenovas and his father Sergejus Lavrenovas and their business partner Andrius Bajorunas are the largest forest owners. According to Romualdas Lavrenovas, they own around 10,000 hectares of forest in total, mainly in the Dzukija region.
Businessman Gintautas Zinkevicius, who owns some 7,000-7,500 hectares of forests together with family members and companies, came in fourth, the authors of the study say.
Dzukijos Mediena and its shareholders are owners of 7,000 hectares of forests and close the TOP-5.
58 natural and legal persons own have forest holdings of over 500 hectares in Lithuania, shows the study carried out by delfi.lt and the Reitingai magazine.
They used official information from the Center of Registers and also surveyed the companies involved, forest specialists, experts and market participants.