Stora Enso Finalises Partial Divestment of Stora Enso Arapoti to Arauco
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Stora Enso has finalised the partial divestment of Stora Enso Arapoti in Brazil to Arauco as anticipated in the announcement on 27 September 2007. Stora Enso sold 100% of the Arapoti sawmill, 80% of the shares of the forest holding company and 20% of the shares of the coated paper mill company to Arauco. The total consideration is USD 208 million (EUR 144 million).
Stora Enso Arapoti comprises a coated paper mill company (capacity 205 000 tonnes of LWC paper per year), a sawmill (capacity 150 000 m³ per year) and a forest plantations company (30 000 hectares of plantations).
Previous press releases regarding Stora Enso's activities in Latin America are available at storaenso.com/press:
o 27 September 2007: Stora Enso sells some shareholdings in Stora Enso Arapoti to Arauco
o 26 October 2006: Stora Enso initiates exclusive discussions with Arauco about joint ownership regarding Stora Enso Arapoti in Brazil
o 1 September 2006: Stora Enso finalises acquisition of Vinson Indústria de Papel Arapoti Ltda. and Vinson Empreendimentos Agricolas Ltda. in Brazil
o 22 August 2006: Stora Enso becomes the sole producer of coated mechanical paper in Latin America: The Group acquires assets from International Paper in Brazil
o 28 September 2005: Stora Enso is purchasing land in Brazil and Uruguay
o 26 September 2005: Stora Enso is purchasing land in Brazil and Uruguay
o 15 August 2005: Stora Enso's Oulu Mill receives first shipment of Veracel pulp
o 8 May 2003: Stora Enso and Aracruz announce decision to build Veracel pulp mill
For further information, please contact:
Kari Vainio,
EVP, Corporate Communications,
tel. +44 7799 348 197
www.storaenso.com
