Stora Enso completes the divestment of its stake in the Dawang paper mill

No paper production in China by Stora Enso

0
47

Stora Enso has completed the divestment announced on 25 July 2019 of its 60% equity stake in the Dawang Mill in China to its joint venture partner, Shandong Huatai Paper.

The transaction will not have any material impact on Stora Enso’s operational EBIT. Following the transaction, Stora Enso’s net debt will decrease by approximately € 22 million and annual sales by approximately € 60 million. After this transaction, Stora Enso will have no paper production in China.