Karp's forest purchase in Härjedalen is notified to the OJ

At the end of September, it became known that the tech pamp Alex Karp bought 15,000 hectares of forest from the forestry company SCA in Storsjö in Härjedal.

The purchase was reviewed and approved by the Inspectorate for Strategic Products (ISP). ISP argued that the purchase did not constitute such a direct investment that would adversely affect the security of the kingdom.

Points to safety risks

It is the decision that the notifier believes conflicts with the law on foreign direct investment and its purpose to protect Sweden.

She believes, among other things, that ISP failed in the risk analysis and that this entails security risks.

"A foreign actor, deeply rooted in foreign defense and intelligence industries, gains control over extensive, contiguous land areas and natural resources in strategically sensitive parts of the country," writes the complainant.

Palantir CEO Alex Karp's acquisition of the former SCA-owned land was made via the newly formed company Cladonia Skog AB.