Stora Enso signs loan agreement with European Investment Bank
STORA ENSO OYJ Stock Exchange Release 29.6.2005 at 11.00
Stora Enso signs loan agreement with European Investment Bank Stora Enso has signed a loan agreement with European Investment Bank (EIB) for a EUR 200 million loan facility to finance Stora Ensos investment in building a new paper machine at Kvarnsveden Mill in Sweden as announced in December 2003. The facility is the result of a good long-term co-operation between EIB and Stora Enso. We have negotiated an agreement that is in line with Stora Ensos practices and can serve as a platform for future transactions with EIB, comments Stora Ensos CFO Esko Mäkeläinen. Stora Enso is currently building a new paper machine at Kvarnsveden Mill with annual production capacity of 420 000 tonnes of high-quality super-calendered (SC) paper. The machine is expected to start up at the end of 2005. For further information, please contact: Esko Mäkeläinen, Chief Financial Officer, tel. +44 20 7016 3115 Markus Rauramo, Senior Vice President, Group Treasurer, tel. +44 20 7016 3250 Peter Nordquist, Vice President, Funding, tel. +44 20 7016 3266 www.storaenso.com www.storaenso.com/investors STORA ENSO OYJ p.p. Anu Vesmanen Jussi Siitonen