Control Transformation Not Raw Material

“Jean-Yves Hollinger asked him on RTL: "Why do you not own a forest?" The answer came quickly: "Because the French forest is quite fragmented and it is difficult to acquire significant areas, and above all, because one cannot do everything. You know, between industry, trade and everything else, it was not necessary to own the forest."”

“Everything is there, in few words, as is his habit. A frank analysis of the situation. The conclusion that, as soon as you control transformation and trade, primary exploitation is not indispensable (and probably not generating enough added value).”