Stora Enso signs loan agreement with European Investment Bank

STORA ENSO OYJ  Press Release 29 January 2007 at 14.00

Stora Enso signs loan agreement with European Investment Bank

Stora Enso has signed a loan agreement with the European 
Investment Bank (EIB) for a EUR 140 million loan facility to 
finance part of Stora Enso’s investment in research and 
development in Finland and Sweden for the next five years. The 
facility, which is expected to be fully drawn, is the result of 
good long-term co-operation between EIB and Stora Enso. 

“We have negotiated an agreement that builds on previous 
transactions with EIB and offers Stora Enso attractive terms that 
are consistent with our borrowing practices. This facility adds 
another source of funding that specifically supports our R&D 
efforts, which is a function with increasing importance in the 
future,” comments Stora Enso’s CFO Hannu Ryöppönen.

R&D in Stora Enso
Stora Enso has research centres in Finland, Sweden, Germany and 
the USA, and strong technical organisations in the business units. 
They co-operate with leading forest cluster R&D providers and 
technology suppliers.

Stora Enso’s five research centres have a product focus and are 
strongly integrated with the business organisations. They combine 
product-specific expertise with scientific understanding of the 
manufacture, converting and end uses of the Group’s products. 

The two InnoCentres run by Stora Enso Consumer Boards have 
established a new area in Stora Enso’s R&D. They are an interface 
to the future of fibre-based packaging, and are used for 
developing and testing new packaging solutions together with other 
partners in the value chain. 

For further information, please contact:
Hannu Ryöppönen, CFO, tel. +44 20 7016 3114
Markus Rauramo, Senior Vice President, Group Treasurer, tel. +44 
20 7016 3250
Peter Nordquist, Vice President, Funding, tel. +44 20 7016 3266
Ilkka Kartovaara, Senior Vice President, Corporate R&D, tel. +358 
2046 21464


p.p.	Jussi Siitonen		Leena Bergqvist