Stora Enso and AssiDomän sign final agreement concerning formation of Billerud

Stora Enso and AssiDomän sign final agreement concerning formation of Billerud Stora Enso Oyj and AssiDomän AB signed a final agreement today concerning the formation of a company, Billerud, which will be 50/50-owned. An agreement in principle was reached in October concerning the formation of a new company from the paper mills Gruvön (Stora Enso) and Karlsborg and Skärblacka (AssiDomän). Billerud is expected to achieve a full-year turnover of approximately MSEK 6,200 (MEUR 730). The formal merger and formation is expected to take place on 1 January 2001. The deal should be completed during February, providing that permission is granted from the competition authorities. AssiDomän AB Corporate Communications 10 November 2000 For further information, please contact: Ingvar Petersson, SEVP Financial Services & IT, Stora Enso, Tel. +46 70 595 7605 Roger Asserståhl, Deputy CEO, AssiDomän, Tel. +46 70 558 9627 AssiDomän is one of Europe's leading forest products companies with operations within packaging, packaging paper, sawn timber and wood processing. The Group is also a significant forest owner with 2.4 million hectares of productive forest land. AssiDomän has approximately 12,000 employees in 20 countries. 1999 turnover amounted to SEK 24.5 billion. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/10/20001110BIT00780/bit0001.doc http://www.bit.se/bitonline/2000/11/10/20001110BIT00780/bit0002.pdf