Secretive Swede becomes Estonia’s largest forest owner

Swedish businessman Jonas Wahlström is now the largest private forest owner in Estonia and now owns about 23,000 hectares of land, mainly forest, in Estonia, writes Äripäev.

Wahlström has been buying land in Estonia for about a decade, but is extremely secretive about his business and does not say what is his purpose.

Wahlström who is known in Sweden as a supersecretive businessmen and now lives in an undisclosed location in Southern Europe told Dagens Industri that he forecast a rapid rise in the price of land and forest. „It was in 1987 and since then I have been investing in land,” he said.

Metsnik is now the largest landowner on Saaremaa island. One reason why local residents of Saaremaa are worried is the fact that in 2010 the local newspaper Saare Hääl wrote that Swedish company Ekovind AB planned to put up wind farms on forest and agricultural land of Metsnik.

Read more from BBN

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