Stora Enso signs an agreement to divest its Hylte paper site and will discontinue the Anjala site divestment process
STORA ENSO OYJ INVESTOR NEWS 27 January 2023 at 9:30 EETStora Enso has signed an agreement to divest its paper production site in Hylte, Sweden and all its related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value is approximately EUR 18 million. The completion of the transaction is expected in the first half of 2023. Concerning the Anjala paper site in Finland, Stora Enso has decided to discontinue the divestment process.The Hylte site transaction, along with the discontinuation of the Anjala divestment, concludes Stora Enso’s plan announced