Stora Enso Prepares to Sell Parts of Its Forest Assets in Sweden

Oct. 3, 2024 - Stora Enso today 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."

Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world.

SOURCE: Stora Enso