Stora Enso signs EUR 435 million funding agreement with European Investment Bank
STORA ENSO OYJ INVESTOR NEWS 11 July 2024 at 14:00 EETStora Enso has signed a new EUR 435 million bilateral loan with the European Investment Bank (EIB) to support the its growth in renewable, fiber-based consumer packaging board. Stora Enso’s EUR 1 billion investment in its Oulu mill in Finland is being financed, in part, by a new long-term bilateral loan. The loan features an amortising structure, with the final repayment anticipated in 2036, effectively lengthening the Group’s debt maturity profile. The mill, which is expected to begin operations with a novel, converted consumer