Stora Enso Oyj
NYSE : SEO

Stora Enso Oyj

December 14, 2006 02:48 ET

Stora Enso is charged with alleged anticompetitive conduct in the USA

Stora Enso Oyj News Release December 14, 2006 at 7.30 GMT

HELSINKI, FINLAND--(CCNMatthews - December 13, 2006) - Stora Enso Oyj (NYSE: SEO) today announced that on 13 December 2006 the US Antitrust authorities announced that Stora Enso North America Corp. had been indicted for its alleged anticompetitive conduct in connection with the sale of coated magazine paper in the USA in 2002 and 2003. No Stora Enso employee was charged individually.

Stora Enso denies any wrongdoing and will enter a plea of not guilty when it appears before the court at the arraignment to respond to the indictment. The indictment concludes the investigation that began in May 2004. The Group expects the trial to occur in 2007.

Previous press releases concerning issues with the competition authorities in the USA are available at www.storaenso.com/press:

- 25 May 2004: Competition authorities investigate Stora Enso premises (updated)

- 10 June 2004: Stora Enso takes action to respond to the competition authority investigations

The Department of Justice press release is available at the Antitrust Division website, at www.usdoj.gov/atr.

Contact Information

  • Per Lyrvall
    Legal Counsel
    tel. +46 70 580 3534
    or
    Kari Vainio
    Executive Vice President, Corporate Communications
    tel. +44 77 9934 8197
    or
    www.storaenso.com