Stora Enso Oyj - Company Announcement

Stora Enso to divest its packaging plant in Komárom, Hungary

Helsinki, Finland, 2015-08-31 12:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 31 August 2015 at 13.00 EET 

Stora Enso has signed an agreement to divest its offset printed micro-flute
packaging plant in Komárom, Hungary to Van Genechten Packaging International
S.A., a leading Belgian packaging company. 

The initial cash consideration for the divestment of the shares is
approximately EUR 12 million, subject to customary closing day adjustments. The
transaction has no material income statement impact and is expected to be
completed within one month. 

“There have been major changes in the Komárom plant's customer base, making the
plant no longer strategic to Stora Enso. I believe that a new, solid,
international owner can give the company the attention it deserves and develop
it further in the new situation,” says Gilles van Nieuwenhuyzen, Head of
Packaging Solutions division. 

Based on 2014 annual figures, the divestment is expected to reduce Stora Enso's
annual sales by EUR 14 million and simultaneously decrease the annual
corrugated packaging converting capacity by approximately 15 million m2. The
Komárom plant employs approximately 90 people. 

About Van Genechten Packaging International S.A.
VGPI is an independent industrial group with seat in Luxembourg. It consists of
11 folding carton factories in 8 countries, leading the European consumer goods
industry with printed folding cartons, microflute and other packaging
solutions. With an annual turnover of €295 million, the group converts more
than 200,000 tons of cardboard each year and employs 1,600 people. 

For further information, please contact:
Ulrika Lilja, EVP Global Communications, tel. +46 72 221 9228
Ulla Paajanen-Sainio, SVP Investor Relations, tel. +358 40 763 8767



Stora Enso is a leading provider of renewable solutions in packaging,
biomaterials, wood and paper on global markets. Our aim is to replace
non-renewable materials by innovating and developing new products and services
based on wood and other renewable materials. We employ some 27 000 people in
more than 35 countries, and our sales in 2014 were EUR 10.2 billion. Stora Enso
shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A,
STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the
International OTCQX over-the-counter market. www.storaenso.com 

STORA ENSO OYJ