Stora Enso’s forest associate Bergvik Skog sells forestland in Latvia and increases fair values of biological assets
STORA ENSO OYJ INVESTOR NEWS 13 November 2018 at 12.00 EET Bergvik Skog AB, a Swedish forest holding company, has divested its ownership in its subsidiaries in Latvia where the company owned a total of 0.1 million hectares of forest land. Stora Enso owns currently 49.8% of Bergvik Skog.The transaction was finalised today, 13 November 2018. The selling price of the assets was EUR 324 million, and the gain on disposal net of transaction costs and taxes totalled approximately SEK 978 (EUR 95) million. Stora Enso’s share of the gain is approximately SEK 487 (EUR 47) million, subject to