Stora Enso to divest its Kabel Mill in Germany
STORA ENSO OYJ STOCK EXCHANGE RELEASE 1 June 2016 at 09.00 EETStora Enso has signed an agreement to divest its Kabel coated mechanical paper mill in Germany to Hagen-Kabel Pulp & Paper GmbH, owned by a German based investor group. The transaction is in line with Stora Enso’s strategic transformation into a renewable materials growth company. The transaction is expected to be completed in the third quarter of 2016. The cash consideration for the divestment of the assets is approximately EUR 23 million, subject to customary closing day adjustments. The loss on disposal amounts in total