Japanese acquired the right for cutting down of millions hectares of the Russian wood

75% of actions of the Russian companies Russia Forest Products (RFP) were got by Japanese firm on construction housing of Iida Group Holdings. The cost of the transaction of Japanese with one of the largest in Russian Federation made exporters of the wood of 525 million dollars, reports Federal state unitary enterprise RAMI "RIA Novosti". The cumulative share of present shareholders JOINT-STOCK COMPANY "MANAGEMENT COMPANY RFPI", businessmen Roman Abramovich, Abramova Alexandra will be washed away to 25%, specifies daily business newspaper "RBK daily". The decision on sale already was approved by the Russian governmental bodies. As a result of the transaction the Japanese party will acquire the right for cutting down of four million hectares of the wood. Purchase since January, 2022 will allow Iida Group...