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Stora Enso to divest its Uetersen Mill

2014-12-13 12:42:39| Paper - Topix.net

Helsinki, Finland, 2014-12-13 12:00 CET -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 13 December 2014 at 13.00 EET Stora Enso has signed an agreement to divest its Uetersen specialty and coated fine paper mill in Germany to a company mainly owned by the private equity fund Perusa Partners Fund 2. The cash consideration for the divestment of the shares is approximately EUR 7 million subject to customary closing day adjustments. The loss on disposal amounts to approximately EUR 30 million and will be recorded as a non-recurring item in Stora Enso's fourth quarter 2014 results.

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