Stora Enso has signed an agreement to divest its Maxau paper site to Schwarz Produktion
STORA ENSO OYJ INVESTOR NEWS 13 September 2022 at 9:30 EESTStora Enso has signed an agreement to divest its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group, one of the top retailers in the world. The enterprise value is approximately EUR 210 million. Closing is expected in the beginning of 2023, at the latest, subject to regulatory approvals.This transaction is part of the earlier announced plan to divest four of Stora Enso’s five paper production sites. In line with its strategy, Stora Enso’s focus is on long-term growth