STORA ENSO OYJ Stock Exchange Release 10 June 2004 at 12.00
Stora Enso takes action to respond to the competition authority
Following the inspections carried out at its locations in Europe
and receipt of the subpoenas in the USA, Stora Enso is taking
steps to respond to the investigations. The Group has appointed
the law firms of Van Bael & Bellis in Brussels and Sivenius &
Suvanto in Helsinki to review the documents given to the
European Commission and the Finnish Competition Authority. In
the USA, the law firm McDermott, Will & Emery is assisting the
Group in preparing the responses to the authorities.
"Stora Enso has had a longstanding competition compliance policy
and the organisation has been trained for implementing it.
Therefore, Stora Enso is treating these issues seriously," says
CEO Jukka Härmälä.
The investigations in both Europe and the USA are at a
preliminary stage and no legal proceedings have been initiated
charging the Group or any of its employees with unlawful
Contact persons at Stora Enso:
Kari Vainio, Executive Vice President, Corporate Communications,
tel. +44 7799 348 197
Per Lyrvall, Legal Counsel, tel. +46 23 78 26 87
Keith Russell, Senior Vice President, Investor Relations, tel.
+44 20 7016 3146
STORA ENSO OYJ
p.p. Jussi Siitonen Veli-Matti Tahvanainen