UPM-Kymmene board confirms partial demerger of WISA Group
UPM-Kymmene Corporation will proceed with the partial demerger of its business units into WISA Group Plc following regulatory approval of the listing prospectus.
The Board of Directors of UPM-Kymmene Corporation announced on October 28, 2026, that it has officially initiated the partial demerger of the company. The decision follows the approval from the Finnish Financial Supervisory Authority regarding the supplement to WISA Group Plc's demerger and listing prospectus.
This corporate restructuring marks a significant shift in UPM's operational strategy, aiming to separate distinct business segments into an independent entity. By moving forward with the demerger, the company seeks to streamline its portfolio and improve asset transparency for shareholders.
The process remains subject to standard closing conditions and regulatory oversight. Following the finalization of these steps, WISA Group Plc is expected to operate as a separate legal entity, with further details on the allocation of shares and the listing timeline set to follow in upcoming corporate disclosures.