Stora Enso Prepares to Sell Parts of Its Forest Assets in Sweden
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Stora Enso announced that it is preparing to sell approximately 12% of its total forest assets of 1.4 million hectares in Sweden. Stora Enso has therefore initiated steps to implement a new legal structure for its Swedish forest assets to facilitate the potential sale.
In a written statement, Stora Enso said, "A potential transaction would be subject to agreeing terms and conditions with investors, including a long-term wood supply and forest management agreement.
"A sale would reduce debt and further strengthen Stora Enso's balance sheet, confirming the financial value of the Company's forest holdings."
