Stora Enso signs loan agreement with European Investment Bank
STORA ENSO OYJ Stock Exchange Release 29.6.2005 at 11.00
Stora Enso signs loan agreement with European Investment Bank
Stora Enso has signed a loan agreement with European Investment
Bank (EIB) for a EUR 200 million loan facility to finance Stora
Ensos investment in building a new paper machine at Kvarnsveden
Mill in Sweden as announced in December 2003.
The facility is the result of a good long-term co-operation
between EIB and Stora Enso.
We have negotiated an agreement that is in line with Stora
Ensos practices and can serve as a platform for future
transactions with EIB, comments Stora Ensos CFO Esko
Mäkeläinen.
Stora Enso is currently building a new paper machine at
Kvarnsveden Mill with annual production capacity of 420 000
tonnes of high-quality super-calendered (SC) paper. The machine
is expected to start up at the end of 2005.
For further information, please contact:
Esko Mäkeläinen, Chief Financial Officer, tel. +44 20 7016 3115
Markus Rauramo, Senior Vice President, Group Treasurer, tel. +44
20 7016 3250
Peter Nordquist, Vice President, Funding, tel. +44 20 7016 3266
www.storaenso.com
www.storaenso.com/investors
STORA ENSO OYJ
p.p. Anu Vesmanen Jussi Siitonen