Stora Enso finalises divestment of Celbi Pulp Mill and sale of Advance Agro shares

STORA ENSO OYJ   Stock Exchange Release 8 August 2006 at 17.30

Stora Enso finalises divestment of Celbi Pulp Mill and sale of 
Advance Agro shares 

Divestment of Celbi Pulp Mill
Stora Enso has finalised the divestment of Celbi Pulp Mill in 
Portugal to the Portuguese company Altri as announced on 8 June 
2006. The sales price of Celbi’s equity is approximately EUR 430 
million and the company has no debt. The Group will record a 
capital gain of approximately EUR 170 million on completion of 
the sale. 

Celbi Pulp Mill, which was performing well, was divested as part 
of Stora Enso’s Asset Performance Review (APR). The strategic 
aim of the divestment is to refocus the Group’s short-fibre 
strategy on South America, where the first step was the start-up 
of Veracel Pulp Mill in Brazil. 

Sale of Advance Agro shares
Stora Enso has received the full payment for the sale of its 
Advance Agro shares. The ownership of the shares has now been 
transferred to private investors based in Hong Kong. The 
transaction value was USD 80 (EUR 65) million.

For further information, please contact:
Hannu Ryöppönen, CFO, tel. +44 20 7016 3114
Kari Vainio, Executive Vice President, Corporate Communications, 
tel. +44 7799 348 197
Keith B Russell, Senior Vice President, Investor Relations, tel. 
+44 20 7016 3146

www.storaenso.com
www.storaenso.com/investors

Previous press releases concerning the divestment of Advance Agro 
shares, Celbi Pulp Mill and the APR are available at 
www.storaenso.com/press:

- 18 August 2005: Stora Enso has signed an agreement to divest 
its shares in Advance Agro
- 27 October 2005: Stora Enso creates platform for stronger 
financial performance
- 8 June 2006: Stora Enso sells its Celbi Pulp Mill to Altri
- 26 July 2006: Stora Enso’s Profit 2007 programme ahead of 
schedule

		
STORA ENSO OYJ




p.p.		Leena Bergqvist		Jukka Marttila