Helsinki, Finland 31 August 2012 -- UPM Timber has today sold its 50% share in the export company Rets Timber Oy Ltd to the other owner Stora Enso. Rets Timber will continue operations in Stora Enso’s ownership.

Rets Timber has exported the owner companies’ softwood timber to Middle East and North Africa. UPM Timber will remain an active player in the market co-operating with its re-organized sales network.