The plan is a further step in freeing up capital to allow the group to focus on its core activities of pulp, paper, packaging and forest products.
This latest move follows the companys forestlands restructure in Finland and the USA, amounting to some 730,000 hectares, which was announced in May last year (PrintWeek, 24 May).
Stora Enso will team up with Swedish forest industry group Korsns to form a new company called Bergvik Skog. The Swedish forests of both companies will then transfer to Bergvik Skog, which will have an enterprise value of 1.4bn (SEK18bn), and a turnover of 148m.
Stora Ensos forestlands provide about 30% of the Finnish/Swedish manufacturers wood supply in Sweden.
Have your say in the Printweek Poll
Related stories
Latest comments
"Great to see companies investing in the UK."
""the costs outweighed the income", but he claims the print was profitable??? SbF"
"Will he be asking for credit from the same companies he’s left with debt?"
Up next...
Four new hires and CTS kit
Samedaybags expands with hiring spurt
Suppliers launch vehicle-wrap films
Wrapfest returns to Silverstone
IC Printing acquired, owner retires