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Stora Enso finalises acquisition of Vinson Indústria de Papel Arapoti Ltda. and Vinson Empreendiment

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STORA ENSO OYJ  Stock Exchange Release 1 September 2006 at 09.00


Stora Enso finalises acquisition of Vinson Indústria de Papel 
Arapoti Ltda. and Vinson Empreendimentos Agricolas Ltda. in 
Brazil

Stora Enso has finalised its previously announced (22 August 
2006) acquisition of 100% of the shares in the Vinson Indústria 
de Papel Arapoti Ltda. and Vinson Empreendimentos Agricolas 
Ltda. from International Paper. The deal comprises a paper mill 
producing coated mechanical paper (205 000 tonnes annual 
capacity), a sawmill (150 000 m3 sawn timber annual capacity) 
and approximately 50 000 hectares of land out of which 
approximately 30 000 hectares are productive plantations. (These 
assets were formerly owned by Inpacel - Indústria de Papel 
Arapoti Ltda. and Inpacel Agroflorestal Ltda., subsidiaries of 
International Paper.)

The enterprise value is approximately USD 420 million (EUR 333 
million) with about half of the value attributable to paper 
business, including tax credits of USD 10–15 million, and the 
balance to sawmill and plantations. This equates to an 
acquisition cost of approximately USD 1 100 (EUR 860) per tonne 
paper capacity. 

The acquired entities are at Arapoti, in the state of Paraná, 
near major markets. In 2005 the companies had net sales of USD 
228 million (EUR 178 million), 76% from coated mechanical paper, 
15% from plantations and 9% from sawmilling. The acquired 
entities have 711 employees. 

The paper mill will be incorporated into Stora Enso’s 
Publication Paper division and is the main focus in the 
acquisition. The sawmill and plantations will be incorporated 
into Stora Enso Forest Products division. The future development 
options for the sawmill and plantations are being evaluated. 
Stora Enso Latin America will have a supporting role in 
administration and sales. The acquired entities will be 
consolidated from 1 September 2006 onwards.

For further information, please contact:

Hannu Ryöppönen, CFO, tel. +44 2070 163 114
Bernd Rettig, SEVP, Stora Enso Publication Paper, tel. +49 2115 
812 310
Nils Grafström, President, Stora Enso Latin America Division, 
tel. +55 1181 759 283
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 
197
Keith B Russell, SVP, Investor Relations, tel. +44 7775 788 659
www.storaenso.com
www.storaenso.com/investors

The previous press releases regarding Stora Enso’s activities in 
Latin America are available at www.storaenso.com/press: 

-	22 August 2006: Stora Enso becomes the sole producer of 
coated mechanical paper in Latin America: The Group 
acquires assets from International Paper in Brazil
-	26 September 2005: Stora Enso is purchasing land in Brazil 
and Uruguay
-	28 September 2005: Stora Enso is exploring the possibility 
of building a new fibre line at Veracel
-	15 August 2005: Stora Enso’s Oulu Mill receives first 
shipment of Veracel pulp
- 	8 May 2003: Stora Enso and Aracruz announce decision to  
build Veracel pulp mill


STORA ENSO OYJ




p.p.	Leena Bergqvist			Minna Taukojärvi

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