UPM-Kymmene completes partial demerger as WISA Group prepares for Nasdaq Helsinki listing
The partial demerger of UPM-Kymmene Corporation has been finalized, moving its plywood business to the newly formed WISA Group Plc. Trading on the Nasdaq Helsinki is scheduled to begin on November 2, 2026.
UPM-Kymmene Corporation has officially registered its partial demerger with the Finnish Trade Register as of October 31, 2026. Under the terms of the plan, all assets and liabilities related to the company's plywood operations have been transferred to the newly created entity, WISA Group Plc.
Nasdaq Helsinki has approved WISA Group’s application for admission to trading. Market operations for the new company’s shares are set to commence on November 2, 2026, under the ticker symbol "WISA." UPM will continue to trade on the exchange under its existing ticker, though it will adopt a new ISIN code following the transaction.
Shareholders of UPM will receive one share in WISA Group for every share held in the parent company. These shares are scheduled to be registered in shareholder book-entry accounts on or about November 2, 2026. The demerger does not affect the total number of shares in UPM.