Stora Enso finalises the divestment of Grycksbo Mill
STORA ENSO OYJ Stock Exchange Release 31 March 2006 at 13.30
Stora Enso finalises the divestment of Grycksbo Mill Stora Enso has finalised the divestment of the Grycksbo Mill in Sweden to the Swedish company Accent according to the previous announcement from 2 March 2006. Grycksbo Fine Paper Mill was divested as part of Stora Ensos Asset Performance Review (APR), which aims to secure a competitive European production base. The divestment of Grycksbo Mill is also consistent with the Groups strategy of concentrating its coated fine paper business on multi-coated graphical grades. Grycksbo Mill specialises in matt-coated fine papers, which it will continue to produce under its new ownership. Stora Enso has thereby exited this business line. For further information, please contact: Hannu Ryöppönen, CFO, tel. +44 20 7016 3114 Magnus Diesen, EVP, Corporate Strategy, tel. +44 20 7016 3117 Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197 Ulla Paajanen-Sainio, VP, IR and Financial Communications, tel. +358 2046 21242 www.storaenso.com www.storaenso.com/investors Previous press releases concerning Grycksbo Mill and the APR available at www.storaenso.com/press - 23 August 2005: Stora Enso is exploring the possibility of selling its Grycksbo Mill - 27 October 2005: Stora Enso creates platform for stronger financial performance - 2 March 2006: Stora Enso to sell its Grycksbo and Linghed mills STORA ENSO OYJ p.p. Jussi Siitonen Jukka Marttila