Stora Enso plans sale of forest assets in Sweden

 Stora Enso has therefore initiated steps to implement a new legal structure for its Swedish forest assets to facilitate the potential sale. A potential transaction would be subject to agreeing terms and conditions with investors, including a long-term wood supply and forest management agreement. A sale would reduce debt and further strengthen Stora Enso’s balance sheet, confirming the financial value of the Company’s forest holdings.

 

The potential sale has already positively impacted Stora Enso’s stock, with shares rising by 5% following the announcement. This might reflect investor confidence in the company’s strategy. 

 

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion.

 

 

 

Source:https://www.pulpapernews.com/