Notice to the Annual General Meeting of Stora Enso Oyj
STORA ENSO OYJ STOCK EXCHANGE RELEASE 16 February 2021 at 15.00 EET
The Board of Directors of Stora Enso Oyj has decided to convene the Annual General Meeting to be held on Friday 19 March 2021. The meeting will be held at 4 p.m. Finnish time.
Notice to the Annual General Meeting
Notice is given to the shareholders of Stora Enso Oyj (the Company ) to the Annual General Meeting (the AGM ) to be held on Friday 19 March 2021 at 4 p.m. at the Company s Head Office at Kanavaranta 1, Helsinki, Finland. Shareholders of the Company and their proxy representatives may participate in the meeting and exercise their rights as shareholders only through voting in advance as well as by making counterproposals and presenting questions in advance. Instructions for shareholders are presented in this notice under section C Instructions for the participants in the AGM.
HELSINKI, Feb. 11, 2021 /PRNewswire/ The Board of Directors of Stora Enso Oyj has decided to convene the Annual General Meeting to be held on Friday 19 March 2021. The meeting will be held
Stora Enso will close its Virdia operations in the United States
HELSINKI, Jan. 29, 2021 /PRNewswire/
Stora Enso has decided to permanently close its US-based Virdia operations during 2021. Virdia was acquired in 2014 and has focused on conversion of cellulosic biomass from sugar cane bagasse into refined sugars. The operations have consisted of a research centre in Danville, Virginia and a demo plant in Raceland, Louisiana, which will both be closed.
The closure is in line with Stora Enso s strategic choices in R&D to drive future growth and value creation from forest-based materials. Furthermore, today, the company s innovation work focuses considerably more on applications further down the value chain instead of being a raw material supplier. There will be a stepwise process for discontinuing the operations and closing the sites during 2021. The employee impact will be approximately 65 Stora Enso employees and 18 contractors.
HELSINKI, Jan. 29, 2021 /PRNewswire/ Proposals by the Board of Directors to the Annual General Meeting 2021 The Board of Directors of Stora Enso Oyj (the "Company") has decided
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.