STORA ENSO OYJ INVESTOR NEWS 25 July 2019 at 10.00 EEST
Stora Enso has signed an agreement to divest its 60% equity stake in the Dawang Mill in China, to its joint venture partner, Shandong Huatai Paper.
The joint venture Stora Enso Huatai (Shandong) Paper Company Limited operates the Dawang paper mill at Dongying in Shandong province in China. The mill has an annual production capacity of 140 000 tonnes of super-calendered (SC) magazine paper and other publication paper grades based on recovered fibre.
The transaction is expected to be completed by the end of 2019 and it will not have