Stora Enso Says No Ongoing JV Newsprint Discussions with Holmen, Norske Skog

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A news report in Helsingin Sanomat, Helsinki Finland, this past week ran an article concerning a possible newsprint joint venture/merger between Stora Enso (Finland) Holmen (Sweden), and Norske Skog (Norway). Stora Enso subsequently issued a statement that "there are no discussions ongoing concerning the matter mentioned in Helsingin Sanomat."

Reportedly, stock market trading in the three companies halted for six hours following the newspaper report. Holmen and Norske Skog have so far declined to comment on the article.