Stora Enso finalises partial divestment of Stora Enso Arapoti to Arauco
Stora Enso has finalised the partial divestment of Stora Enso Arapoti in Brazil to Arauco as anticipated in the announcement on 27 September 2007. Stora Enso sold 100% of the Arapoti sawmill, 80% of the shares of the forest holding company and 20% of the shares of the coated paper mill company to Arauco. The total consideration is USD 208 million (EUR 144 million). Stora Enso Arapoti comprises a coated paper mill company (capacity 205 000 tonnes of LWC paper per year), a sawmill (capacity 150 000 m³ per year) and a forest plantations company (30 000 hectares of plantations). For further information, please contact: Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197 Keith Russell, SVP, Investor Relations, tel. +44 7775 788 659 Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel. +358 40 763 8767 Previous press releases regarding Stora Enso's activities in Latin America are available at www.storaenso.com/press: 27 September 2007: Stora Enso sells some shareholdings in Stora Enso Arapoti to Arauco 26 October 2006: Stora Enso initiates exclusive discussions with Arauco about joint ownership regarding Stora Enso Arapoti in Brazil 1 September 2006: Stora Enso finalises acquisition of Vinson Indústria de Papel Arapoti Ltda. and Vinson Empreendimentos Agricolas Ltda. in Brazil 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 28 September 2005: Stora Enso is purchasing land in Brazil and Uruguay 26 September 2005: Stora Enso is purchasing land in Brazil and Uruguay 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 www.storaenso.com www.storaenso.com/investors Stora Enso Oyj pp. Leena Bergqvist Jukka Marttila