One of Europe’s largest private sector forest owners and a major player in the bioeconomy, Bergvik Skog is undergoing structural changes as part of a plan to acquire new forest assets and secure its supply of feedstock. Bergvik Skog owns approximately 2.3 million hectares of land in Sweden and about 0.1 million hectares in Latvia. As well as certified wood fibre sales and leasing out land for hunting and fishing, Bergvik Skog contributes to the use of renewable energy through the production of biofuels from forest feedstocks. Shareholders representing 98% of the owners in the Swedish forest holding company have agreed to initiate discussions, based on a non-binding letter of intent, aimed at structural changes within the Bergvik Skog Group.