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Stora Enso divests non-core forest holdings in southern Sweden
HELSINKI, Dec. 18, 2020 /PRNewswire/
As part of its forest land optimisation, Stora Enso has signed an agreement to divest forest assets located in southern Sweden to the forestry fund Silvestica Green Forest AB. The total area of forest land in the transaction is approximately 5 200 hectares. The selling price is approximately SEK 940 million (EUR 90 million).
The transaction is in line with Stora Enso s policy of divesting non-core assets. The forest areas are located geographically far away from Stora Enso s other forest lands, which limits the scale benefits. The forest land divestment has no impact on Stora Enso s nearby Hylte Mill, which uses other wood supply sources for its production. The forest land corresponds to less than 0.5% of Stora Enso s total forest land area in Sweden.