SOURCE: Stora Enso Oyj

November 01, 2007 03:08 ET

Stora Enso finalises partial divestment of Stora Enso Arapoti to Arauco

Stora Enso Oyj News Release November 1, 2007 at 7.00 GMT

HELSINKI, FINLAND--(Marketwire - November 1, 2007) - Stora Enso Oyj News Release November 1, 2007 at 7.00 GMT


HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that it has finalised the partial divestment of Stora Enso Arapoti in Brazil to Arauco as anticipated in the announcement on 27 September 2007. Stora Enso sold 100% of the Arapoti sawmill, 80% of the shares of the forest holding company and 20% of the shares of the coated paper mill company to Arauco. The total consideration is USD 208 million (EUR 144 million).

Stora Enso Arapoti comprises a coated paper mill company (capacity 205 000 tonnes of LWC paper per year), a sawmill (capacity 150 000 m³ per year) and a forest plantations company (30 000 hectares of plantations).


For further information, please contact:
Tim Laatsch, Senior Vice President, Communications, Stora Enso North
America,
tel. 715 422 4023

www.storaenso.com
www.storaenso.com/investors




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