UPM completes spin-off, WISA Group shares to start trading on Nasdaq Helsinki on November 2
UPM-Kymmene's partial demerger was registered on October 31. WISA Group, which takes over the plywood business, begins trading in Helsinki on November 2.
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what happened
The Finnish Trade Register registered the partial demerger of UPM-Kymmene on October 31, 2026, according to a release that TradingView published. Assets and liabilities linked to the UPM Plywood business area move to a newly established company, WISA Group Plc.
Shares of WISA Group will be admitted to trading on the regulated market of Nasdaq Helsinki from November 2 under the code WISA. UPM shareholders receive one WISA share for each UPM share they hold, while treasury shares get nothing. The number of UPM shares stays the same, though they carry a new ISIN while the trading code remains UPM.
why it matters
For the market this is a structural change: the plywood operations become a separate listed stock, so investors can value them apart from UPM. The release contains no new financial figures, so the direct effect on UPM shares is not clear from the information provided.
market impact
UPM and WISA Group shares: plywood business now listed separately, effect on parent share price unclear
tags
instruments
sources
- The partial demerger of UPM-Kymmene Corporation has been registered; WISA Group Plc to be listed on Nasdaq Helsinki — TradingView, 1 November 2026 at 15:05 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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